Spectre's Two Hour Trading Newsletter

Spectre's Two Hour Trading Newsletter

SPY Trade ideas for 08-20-26

S1 Reversal: Your Pre-Market Lifeline -

Aug 20, 2026
∙ Paid

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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  • High-quality trades with excellent reward vs. risk

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SPY at 765.80: Secure Your Edge Now

Premarket price tests S1 support for a potential failed breakdown reversal.

Market Context

SPY premarket last price is 765.80, sitting just below nearest key level S1 at 766.46. Price action shows consolidation after recent weakness, with bias leaning toward a test of support before any directional move. Volume remains light in premarket, suggesting limited conviction until the open.

Today’s Outcome

The single level that matters is S1 at 766.46. Your job is to wait for a test plus confirmation before any entry and to skip everything else. Not every setup will work; that is expected. The edge comes from selectivity and confirmed reactions rather than trying to predict every tick, so over time you can still bank profitable trades even when some ideas fail.

Today’s job: One level. Confirm before entry. Skip everything else.

Paid members get the exact entry, stop, and targets below.

Highest Probability Trade Idea

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