SPY Trade ideas for 08-17-26
Return to tight consolidation and low volume. Can market see 8000 this year?
Good morning all.
Friday was a bit of a challenge as we didn’t hit any of the levels for high probability trades. we did dip to the level for a long but that broke, and then had limited follow through. So I had to adapt in real time vs relying on just the levels.
This can happen in a low volume environment.
As you can see, daily Volume has been fading as we slowly move higher. This is usually a sign for caution. That said, the market can do a slow grind up for until a high volume sell day comes in or renewed buying interest.
Let’s see how today pays us.
In the meantime, I’ll also be paying attention to some stocks for possible payouts.
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 Hovers Near Pivot: Protect Your Edge Today
Premarket action sets up a tight range battle around the central pivot.
Market Context
SPY is trading at 776.19, just below the pivot at 776.77. Price has held above the premarket low of 776.00 while testing resistance near 778.23. The bias leans neutral-to-cautious with a slight downside tilt if the pivot fails to hold.
