SPY Trade Ideas for Thu Jan 29 - More highs coming?
Our Bull Puts and Bear Calls paid! AlphaOS is making Credit Selling and directional bets easy.
Yesterday was a little tricky but planning worked out perfectly. Took bull puts initially. Took some off on triple top and stopped on second break of pivot. Meanwhile took 7020 bear calls on the triple top fail which went to 0.
The Credit Selling Win Streak continues!!! I don’t count stopping out flat per rules as a loss. its an operational cost while figuring out market direction.
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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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
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SPY’s $697 Breakout: Capture Today’s Momentum
Premarket strength signals potential run to 699+ resistance
Market Context
SPY closed premarket at 697.14, sitting comfortably above the key pivot level at 696.02. The overnight action shows bullish momentum with price holding above yesterday’s highs around 697. The 5-day chart reveals a recovery pattern from the 693-694 lows, with price now testing the upper range. Current positioning suggests buyers are in control, but resistance at 699.54 will be the critical test for continued upside.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.
