SPY Trade ideas for 06-02-26
SPY kicks of June with a new high. will it continue?
Good morning.
We took SPX 7600 bear calls yesterday that worked but was a roller coster. we got 1.50 credit down to 0. then spike over 3.50 before going back to 0.
I’m a bit annoyed at myself because Edge Scanner did identify that SPX 7600 pull buts were being secured when we were around 7580. That would have paid very nicely using 7600c. It went from 1.50 to 20.
Here is the scanner that caught the build up:
How to use AlphaOS to recognize shift in momentum
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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Master Failed Breakdowns at Key Support
Premarket at 756.85 sets up reversal longs near the pivot.
Market Context
Premarket closed at 756.85, below the prior regular session close of 758.43. Price is consolidating just below the daily pivot at 757.08 after testing premarket highs near 758.23. Bias leans toward a failed breakdown reversal if support holds.
