SPY Survival Guide: Dodge the Drop, Chase the Bounce? Trade Ideas for Tue Oct 21
Nailed the failed breakdown reversal idea off the lows. Ideas yielded 200 to 500% gains! In today's video get a sneak peak into how Edge will change how you trade!
Video Lesson/Review SPY/SPX
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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 Mon Oct 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.
Spot failed breakdowns below 666.95 for high-reward reversals today.
Market Context
SPY has shown choppy action over the past five sessions, trading in a broad range from lows near 651.41 to highs around 672.23, with volatility spiking during intraday swings driven by sector rotations and broader market uncertainty. The index closed the previous session at around 671, reflecting a modest pullback from recent peaks, but premarket trading on 2025-10-21 holds steady near 670.50, suggesting a neutral to slightly bearish bias unless key supports hold. Chart patterns indicate a potential descending triangle forming, with repeated tests of the 669.72 pivot acting as a battleground—failure here could accelerate downside, while a clean break above resistances might signal a bullish reversal. Overall bias leans cautious, favoring sellers on overextensions but buyers on dips to support.
Key Events Today
No major economic releases or earnings are scheduled for 2025-10-21, allowing technical levels to dominate. However, keep an eye on any impromptu Fed commentary or geopolitical headlines, as they could trigger quick volatility in this range-bound environment.