SPY Trade ideas for 06-05-26
SPY broke down out of consolidation range. Will we get more selling?
Good morning.
First loss in a long time yesterday. And then I was busy and could not trade last 30 minutes. What a miss on the short.
Yesterday’s move up felt like a squeeze. let’ see if today gap down gets bought again or part of a bigger sell program.
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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# SPY Reversal Setups at Key Levels
Premarket tests supports after yesterday’s close at 757.06.
Market Context
Premarket closed at 752.53, below the 754.01 pivot and yesterday’s 757.06 close. Price action shows consolidation near the lower end of the overnight range with potential for failed breakdowns at nearby supports.
Highest Probability Trade Idea
Failed breakdown long at 749.7 offers the strongest edge. Proximity to premarket lows
