Spectre's Two Hour Trading Newsletter

Spectre's Two Hour Trading Newsletter

SPY Trade ideas for 08-19-26

S1 Reversal: Your Pre-Market Lifeline -

Aug 19, 2026
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Good morning all.

Yesterday’s high probability idea for 767.50 long, helped me target that level to take bear calls near the open for that level to come. I then saw the action as being pretty heavy and didn’t trust the bounce was coming. I did try bull puts but got stopped out following rules.

Finally it looked like and end of day flush could come and 7700 bear calls for 1.50 at the close went to 0 :)

Overnight massive rally. let’s see if it can hold.


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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R2 Reversal Profits at 771.88

Premarket price at 770.86 sets up failed breakout play near resistance.

Market Context

The premarket last price is 770.86, sitting just below the nearest key level at R2=771.88. Price has held above the pivot through premarket with limited downside follow-through, creating a setup where a clean break of R2 could fail and reverse.

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