Spectre's Two Hour Trading Newsletter

Spectre's Two Hour Trading Newsletter

SPY Trade ideas for 05-08-26

The Buy the Dip continues! But for how long?

May 08, 2026
∙ Paid

Yesterday we got short on the push into 736 targeting 731.50 an BOOM it played out perfectly as soon as vwap broke :)

This morning SPY gapped up to a new high… What will it o next?


How to use AlphaOS to recognize shift in momentum

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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 Surge Trap: Guard Your Gains Now

Premarket at 735.15 eyes failed breakout above 736.78 for quick reversal profits.

Market Context

SPY’s premarket close sits at 735.15, above pivot 732.64 but below resistance 736.78 after testing PMH 736.57. Recent 5-day data shows choppy range from 714.99 low to 736.57 high with multiple failed breakouts at prior highs around 736, volume spikes on reversals. Bias leans bearish for failed breakout reversal if 736.78 rejects, targeting supports; bullish only on clean hold above pivot with volume.

Highest Probability Trade Idea

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