SPY Trade Ideas for Fri Jan 23 - More Chop?
Our Bull Puts and Bear Calls paid! AlphaOS is making Credit Selling and directional bets easy.
The primary idea I share yesterday was for a short around 691 and that paid!
took a credit sell via bear calls twice on it!
Perfect plan that 691.50 wasn’t going to clear!
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.
FREE LESSON on catching eod exhaustion
If you are tired of overtrading, not knowing how to plan trades, and want to make more in less time, come join us.
What is Two Hour Trading?
Two Hour Trading is my system for finding and executing trades while spending less than two hours a day trading. My goal is to earn 100-300% on the capital I risk while waiting for 1000%+ gain trades to set up. Key benefits include:
High-quality trades with excellent reward vs. risk
Avoiding overtrading and losses from it
Trading to win vs. trading not to lose
Stacking the deck in your favor
If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.
SPY Survival Guide: Dodge Breakdown Traps
Premarket at 688.50 eyes pivot test—failed breakdown setups prime for reversal gains
Market Context
SPY premarket closed at 688.43 after ranging 688.33-690.39, sitting just below pivot at 689.09 with mild bearish bias from yesterday’s 691.72 close. Recent 5-day action shows choppy range-bound behavior between 675.88-695.45, with frequent rejections at 687-690 zone on 1-min charts and volume spikes >2x average at 688.50 support. Bias leans neutral-to-bearish unless pivot holds as resistance for failed upside break.
Key Events Today
9:45 am - S&P flash U.S. manufacturing PMI (Jan.) - Forecast: 52.1 | Previous: 51.8
9:45 am - S&P flash U.S. services PMI (Jan.) - Forecast: 53.0 | Previous: 52.5
10:00 am - Consumer sentiment (final) (Jan.) - Forecast: 54.0 | Previous: 54.0
