Spectre's Two Hour Trading Newsletter

Spectre's Two Hour Trading Newsletter

SPY Trade ideas for 05-28-26

Can SPY breakout of the tight range/consolidation around 750 today?

May 28, 2026
∙ Paid

Good morning.

Yesterday our bear calls paid. the funny thing is that the bull puts we took went to 0 as well, but it was really looking like we would flush and I cut those.

Overall yesterday’s ideas for great entries did not develop, however uisng price action and the levels still let us PROFIT thanks to doing credit selling!


Let’s see if SPY can make a move outside this tight range.


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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Failed Breakdowns: Edge at 750.52

Premarket holds above pivot for reversal longs.

Market Context

Premarket closed at 750.52, above the 749.62 pivot and within the 745.25–751.98 range. Price action shows consolidation with a slight bullish lean as it respects the pivot from above. Bias favors failed breakdown reversals on dips toward 749.62 or 745.25.

Key Levels and Their Significance

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