Trade ideas for 08-07-26
After 2 days of pulling back, I'd like a dip to get long... but which level?
Good morning all.
Yesterday the primary idea was for a day 2 red day and we got exactly that. I alerted bear calls twice with both going to zero.
The second one was for SPX 7620/25 bear calls for 1.80. imagine a $500-1000 risk for $1500-3600 gain with an 80% probability of win. That is how I look to plan my trades.
A member asked if it was too late to get in at 1.20 and I said yes it is. I don’t like the risk/reward. I expect to bounce and am waiting for 1.70+ for a reload which gives an appropriate risk/reward. That is what is so magic how we trade. We don’t have to be in the trade, we have to be in a trade with great risk/reward.
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 Targets R2 Break for Fast Reversal Gains
Premarket at 772.67 sets up a high-probability test of 773.58 resistance.
Market Context
SPY premarket last price at 772.67 sits just below R2 at 773.58. Price action shows repeated tests of the 772–773 zone with volume spikes on upside attempts. Bias leans toward a failed breakout reversal if R2 rejects, with support holding near 770.97.
