SPY makes New ATH! -- Trade ideas for 04-16-26
Can SPY keep going?
We joined the BTFD long yesterday and got paid.
I initially was positioned short and then long on the dip below and cut the short when vwap was reclaimed.
Also alerted SPX 7020c as a yolo for for $1-1.25. these ran to 6+ by the close!
Reminder — We are day traders so our focus is taking advantage of the daily action and not worrying about the bigger picture. That picture can provide context, but as long as you are using the levels and price action, we can continue to extract profits daily without knowing the big picture!
How to use AlphaOS to recognize shift in momentum
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 End of Day Exhaustion
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High-quality trades with excellent reward vs. risk
Avoiding overtrading and losses from it
Trading to win vs. trading not to lose
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SPY Surge Trap: Guard Your Gains
Premarket at 700.83 eyes pivot break amid volatility risks.
Market Context
SPY premarket closed at 700.83, above pivot 698.56 but below resistances, after prior session close of 699.84. Recent 5-day data shows choppy action with multi-day high 701.99 and low 670.53, recent bounces at 695-700 on volume spikes. Bias leans bullish above pivot but vulnerable to failed breakout on resistance test.
