Trade ideas for 08-06-26
Will today bring a day 2 red day?
Good morning all.
Yesterday the primary idea was for a short off of 779.50 level, but we triple topped at 776.50. Given the gap up, we then wait for vwap break after the first hour, up or down. We got a break of the morning lows after the first hour, then a back test of the break, this then led to a choppy grind down to fill the gap.
I alerted SPX 7650 bear calls and 7620 bull puts as the likely range we close within, which was right. we closed at 7623 after a sudden drop in last five minutes. prior to that both contracts had faded to near 0.
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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SPY Pivot Test: Lock In Your Edge
Premarket price at 770.39 eyes reversal setups around the 772.54 pivot.
Market Context
SPY premarket last price sits at 770.39, 2.15 points below the daily pivot at 772.54. Price action shows consolidation below the pivot after yesterday’s close at 769.76, with sellers defending higher levels in the premarket range. Bias leans neutral-to-bearish until price reclaims the pivot with volume.
