SPY Traps: Dodge the Breakdown Today - Trade Ideas for Fri Feb 27
Premarket volatility signals failed breakdown opportunities near pivot
Done in 30 minutes! 2 Credit sell alerts. 2 winners!
How to use AlphaOS to recognize shift in momentum
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
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Stacking the deck in your favor
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SPY Traps: Dodge the Breakdown Today
Premarket volatility signals failed breakdown opportunities near pivot
Market Context
Premarket Peril: Avoid the Fakeout Trap
SPY premarket closed at 684.09 after ranging 682.01-688.97, sitting between pivot 688.7 and S1 683.18. Recent 5-day data shows choppy action with multiple failed breakdowns below 685, followed by reversals on volume spikes. Bias leans range-bound with downside risk to supports unless 688.7 clears; watch for rejection at key levels post-PPI data.
Key Events Today
Catalyst Alert: PPI Could Ignite Reversals
8:30 am - Producer Price Index (Jan) - Actual: 0.5% (Forecast: 0.3%)
8:30 am - Core PPI (Jan) - Actual: 0.3% (Forecast: 0.4%)
8:30 am - PPI YoY - Actual: 2.9% (Previous: 3.0%)
8:30 am - Core PPI YoY - Actual: 3.4% (Previous: 3.5%)
9:45 am - Chicago PMI (Feb) - Previous: 54.0
10:00 am - Construction Spending (Nov/Dec delayed)
