SPY bull trap, or BTFD? -- Plan for Fri Jan 02
Our Bull Puts paid! AlphaOS is making Credit Selling and directional bets easy. Last Day of Holiday trading = extra attention to avoid over trading.
Wednesday I missed the big payout short. I was thinking we stay range bound but we flushed in the afternoon providing 500-1000% return potential.
AlphaOS caught the love for downside on vwap break, but I was away from desk.
My main focus today will be to improve AlphaOS’s surfacing potential kick offs to big moves.
Process = Profits
Lately I’ve been doing the following:
Premarket establish where we likely wont reach. Sell premium for 0.8-0.60 on open.
After 11: second positioning of credit sells.
After 3:30: start hawking/planning for a Spectre Special
What’s a Spectre Special? A yolo trade that goes 300-1000% in under 30 min.
FREE LESSON on catching eod exhaustion
If you are tired of overtrading, not knowing how to plan trades, and want to make more in less time, come join us.
What is Two Hour Trading?
Two Hour Trading is my system for finding and executing trades while spending less than two hours a day trading. My goal is to earn 100-300% on the capital I risk while waiting for 1000%+ gain trades to set up. Key benefits include:
High-quality trades with excellent reward vs. risk
Avoiding overtrading and losses from it
Trading to win vs. trading not to lose
Stacking the deck in your favor
If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.
Plan for Fri Jan 02
Stick to process. The process and trade setups I teach works. Rinse and repeat over and over again. There will be losses. Any good system will have them. Being systematic also means the gains will repeat and come again too. If you keep changing your system/process trying in an effort to never lose a trade, you will never get to where you want to go.
Target quick profits from failed breakout risks near key resistance
Market Context
SPY opens the new year with premarket action showing early strength, climbing from 683.9 to test 686.06 amid thin holiday volume. The ETF is building on the previous session’s close at 682.36, forming a potential bull flag pattern after December’s choppy range between 681.71 and 691.66. Overall bias leans cautiously bullish above the 684.38 pivot, but watch for rejection at overhead resistance—recent data reveals multiple failed attempts to sustain above 687, suggesting sellers could dominate if volume doesn’t confirm upside. With light liquidity post-holiday, expect volatility spikes around economic data.
Key Events Today
9:45 am ET: S&P final U.S. manufacturing PMI (Dec.) – Forecast: 51.7 | Previous: 51.8
A print below 50 could signal contraction, pressuring SPY toward supports; above 52 might fuel a push to 687+.
