SPY Surge Alert! -- Trade ideas for Thu Nov 20
SpectreAI is on fire! if you took the high probability trade yesterday you should have made 200-300%. Meanwhile my short in last 6 minutes gave 1500%!
Wild trading day yesterday and I missed most of it! I spent most of the improving on the data ingestion code and dealing with contract stuff. Kept missing entry by a $1! :(
Unfortunately to make this changes/test etc it has to be done during real market hours. But its an investment toward automation and improving SpectreAI.
Here is a quick video on the action that you should be aware of.
SPY/SPX VIDEO
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 Thu Nov 20
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.
Market Context
SPY is showing early bullish bias in premarket trading, hovering around 671 after closing higher on November 19 at levels near 662.67. The ETF has been consolidating in a tight range between 662 and 675 over the past sessions, with recent data revealing a series of higher lows and increasing volume on upswings, suggesting building strength. Chart patterns point to a potential ascending triangle formation, where resistance at 675.65 has held firm, but a decisive break could target prior highs. Overall bias leans bullish if the pivot holds, but watch for rejection at resistance to avoid false moves in this volatile environment.