Stop Bleeding on Failed Breakouts Today -- SPY Trade ideas for 07-21-26
Premarket holds above pivot with reversal setups at key resistances.
Yesterday’s Primary High Probability Trade was for a failed breakout at 746.37. But how do you plan for that and/or execute on it?
Given market weakness in past day, and the gap up, I wanted a gap fill before considering long, so when yesterday’s action saw a push on open over premarket high, followed by a double top on ORB 15 high, I alerted I was taking 7520 bear calls. Perfect plan! We caught the hod reversal.
Then we broke 746.37 per the high probability idea and flushed. I also perfectly alerted the lock in and was done for the day.
For those that stuck around SPY back test 746s and failed again around lunch time and head back down! Where I alerted we may flush again in the afternoon adn that is exactly what developed.
Members of THT PRO get exactly this guide of guidance. Its not frivolous banter, but explanations and sharing of what I see and am doing and/or planning.
Today, market may rallly, but I think it can be choppy will pull backs and resistance levels before another leg up (if we do run).
Market has been coiling been 740 and 755 for weeks. we triple bottomed around 741 recently so lets see what price action gives us today. Remember don’t chance, look for failed breakdowns if planning long and opposite for shorts.
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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Stop Bleeding on Failed Breakouts Today
Premarket holds above pivot with reversal setups at key resistances.
Market Context
Premarket closed at 745.23, sitting just above the 744.93 pivot after yesterday’s 742.10 cash close. Price action shows consolidation with failed attempts above 746.68, keeping bias neutral-to-bullish but vulnerable to rejection at first resistance.
