SPY / SPX Trade idea for 04-06-26
Another profitable day Friday. What will today bring us. (likely chop)
The fascinating thing from the action is we seem to be in a chop holding pattern as market awaits news from Iran.
Not much to comment on from Friday other than credit sells are perfect for rangebound action.
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.
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SPY Breakout Trap: Survive 9:30 Chaos
Premarket at 656.58 eyes failed breakdown below pivot—protect gains or fade the fakeout.
Market Context
SPY premarket closed at 656.58 after ranging 655.62-658.69, sitting above the 653.03 pivot but below resistances. Last 5 days show choppy action with multiple failed breakouts above 657 and breakdowns below 654, volume spiking on reversals at these zones. Bias leans range-bound with downside risk if 653.03 fails, upside potential on hold above 658.69 PMH.
