SPY Smashed over night -- Will it bounce? Trade Ideas for Tues Nov 04
We caught the short and the long and lhe last craziness.
We nailed it again yesterday!
The main idea was to get long at 680.. so at 684 fail, why not get short. I wasn’t going to but the volume and price screamed downside was coming. especially after 682..80 broke. so we loaded up on the back test. rode it to 680 and then FLIPPED!!!
What a day!
SPY/SPX Video Review
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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 Tue Nov 4
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.
Pre-Market Plunge: Guard Your Gains Today
SPY opens weak below pivot amid election uncertainty—watch for reversal setups near key supports.
Market Context
SPY’s premarket session shows a bearish tone, trading at a latest close of 676.28, down from the previous day’s regular close of 683.16. The price is testing below the pivot at 680.57, with multi-day highs reaching 689.70 and lows at 679.72 over the last five sessions, indicating potential for failed breakdown reversals if support holds. Overall bias leans cautious with downside pressure, but volume spikes in premarket suggest possible intraday bounces from S1.
Key Events Today
10:00am Factory Orders