SPY Trade Ideas for Fri Jan 30 - More Selling or BTFD
Levels were spot on for SPX!. Did you catch the 1000% or 100x trade yesterday? I sold at 4x and missed the squeeze in afternoon :(
We nailed the bear calls, and eventually the bull puts and directional calls after yesterday’s monster flush. I underestimated the drop! I was thinking 6900p hits 20, it hit over 30! Alerted at 3.50-5.
Alerted SPX 6940c at 2.50-3. It ran to 30 by end of day!!! but I was out at 10-12..
Bear calls - WON
Bull puts - stopped small loss twice
Final Bull put - WON
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
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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
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SPY Traps: Dodge Breakdowns Today
Premarket volatility tests key supports—position for reversals above 688.
Market Context
SPY premarket closed at 690.85 after ranging 689.29-691.79, sitting above pivot at 691.17 but below R1 697.51. Last 5 days show choppy action with multiple failed breakdowns below 688 and failed breakouts above 692, overall neutral bias with downside risk if PPI disappoints. Volume spikes at 688.21 low signal potential reversal support.
Key Events Today
8:30 am - Producer Price Index (Dec.) - Forecast: 0.3% | Previous: 0.2%
8:30 am - Core PPI (Dec.) - Forecast: 0.3% | Previous: 0.2%
8:30 am - PPI YoY - Previous: 3.0%
8:30 am - Core PPI YoY - Previous: 3.5%
9:45 am - Chicago PMI (Jan.) - Forecast: 44.0 | Previous: 43.5
1:00 pm - Fed Gov. Stephen Miran TV interview
1:30 pm - St. Louis Fed Pres. Alberto Musalem speech
5:00 pm - Fed Vice Chair Michelle Bowman speech
