Spectre's Two Hour Trading Newsletter

Spectre's Two Hour Trading Newsletter

Trade ideas for 07-29-26

How will market react to FOMC this afternoon?

Jul 29, 2026
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Yesterday Ideas showed potential for a tight range and with 739.70 break bring a dip and a push over 740 upside. We got a bit of both.

we took bear calls for the downside test and then flipped into bull puts. the bear cals gain just over 50% gain while the bull puts gave up 100% premium collection depending on where you took profit.

Today is FOMC day and based on overnight action we may get some rangy chop until interest rate decision is out at 2pm. My usual process is to wait until 2:30pm before considering a trade. I’ll likely avoid trading until then since premium decay will be sketch.


How to use AlphaOS to recognize shift in momentum

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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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FOMC Day: Guard Your Capital Now

Premarket holds above pivot with FOMC decision looming.

Market Context

SPY is trading at 740.65 in premarket, just above the pivot at 739.89. Price action shows consolidation after yesterday’s close at 740.76, with premarket range bounded between 739.90 and 743.48. Bias leans neutral-to-cautious ahead of the afternoon FOMC announcement.

Highest Probability Trade Idea

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