SPY Survival Guide: Guard Gains Above Key Pivot? Trade Ideas for Thu Oct 23
Latest version of Edge is out! THT PRO members nailed the short idea on SPX 6700p! Watch how Edge can help you identify a 600% paying reversal trade!
I got frustrated with only getting 100-200% gains on our 6700p only to have Trump’s Tweet trigger a massive move to $40. makes me feel like a chump for getting stopped at 12 when I hade a 22-24 target!
That said I’m super grateful that my complaint is I only got 200%! ;). Market wont always move the way you want when you want, but being consistently profitable is a grateful place to be.
Video Lesson/Review SPY/SPX
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 Thu Oct 23
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.
Prepare for range-bound action with reversal risks near 668.17 amid thin premarket liquidity.
Market Context
SPY futures indicate a neutral to slightly bullish bias today, with the premarket close at 667.81 sitting just below the pivot of 668.17 after a volatile session yesterday that closed at 667.79. Over the last five days, price action shows choppy consolidation between 663 and 672, with multiple failed breakdowns below 665 and quick reversals on volume spikes exceeding 2x the average of 100,000 shares per minute. Overall, the chart displays a short-term bullish bias above the previous close, but caution is advised as premarket levels hover near the pivot, suggesting potential failed breakout opportunities if momentum stalls.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.