SPY face plants! Is the AI rally over? -- Trade ideas for Fri Nov 21
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%!
What an incredible day and as usualy the levels were super precise. Capture the high of day and the low!!!
We nailed the short idea at 675. Thanks SpectreAI!
Once pivot level broke it made a predictable 2 level move right to 654!!!
I got my planned 7-42 move leg 1 move thinking I would get a pop to reload for next leg and missed another $120 on the way to S2! :) but i was patient. and I alerted to THT PRO members I want 6550p for 1-2. we got $1 and it $16 by the close!!!
what a day!!
Overall I strongly believe that we are in for a correction with AI. we might get some rallies, but Q1 26 will be where the reality will show on the books!
SPY/SPX VIDEO
no video today dealing with some backend issues
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
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Plan for Fri Nov 21
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.
SPY’s Survival Mode: Defend or Collapse?
Test 660.13 pivot for today’s bounce opportunity amid downtrend pressure.
Market Context
SPY has been grinding lower over the past five sessions, with prices consolidating in a tight range between 650.70 and 676.26. The overall bias remains bearish, as the index failed to hold above the 660.13 pivot on November 20, leading to a pullback toward lower supports. Chart patterns show repeated tests of descending trendlines from the November 14 high near 672.00, with volume spikes on breakdowns suggesting seller control. Premarket action is flat around 654.97, hinting at potential volatility if key levels break—watch for a failed breakdown below 660.13 to signal short-covering or continuation lower if supports fail.