SPY Survival Guide: Hold the Line or Bail? Trade Ideas for Wed Oct 22
Spot the reversal before it hits your stops—today's edge in choppy waters! Watch how Edge spots a move, and suggest a dip buy price on SPX that rallies 400%!
Lots of consolidation yesterday. Basically market is digesting the recent moves. We should get a big move soon but as you will see from the video below, the latest version of EDGE is amazing! I can’t wait for us to use it bank. Looking forward to your feedback and us making the #1 tool helping traders be consistently and wildly profitable!
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 Wed Oct 22
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.
Market Context
SPY’s been a rollercoaster lately, bouncing between 651 and 673 over the past week with sharp intraday swings that scream indecision. Yesterday’s close at 671.27 capped a session of late recovery from midday lows, forming a potential hammer on the daily chart—hinting at buyer fatigue but possible support test. Premarket action is tight around 671.70, sitting just below the pivot, with volume light and no clear direction yet. Bias leans neutral-to-bearish if we fail to reclaim the pivot early; watch for a failed breakdown below 670.66 to flip bullish, as the broader range suggests sellers are tiring after the recent drop from 672.99 highs.
Key Events Today
No major economic releases or Fed speeches on deck—traders will be glued to technicals and any surprise volume spikes from earnings reactions. Keep an eye on broader market sentiment; light news flow could amplify volatility around key levels.