Trade Ideas for Fri Mar 13
The win streak continues! our bear calls and bull puts paid yesterday again.
Will SPY hold its premarket gains today? That is the question I have, I have a short bias, but SPY made a big low and then has rallied to green. I’m not convinced on upside, so as usually will let the price action dictate.
Be sure to pay attention to all the ideas and see which one develops.
Remember that the best trades often require patience to wait for price action to come to a level for entry.
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 Traps: Dodge Breakdowns Today
Premarket bounce eyes pivot test amid volatility
Market Context
SPY premarket closed at 669.59, up from lows of 662.70 after testing 664 support multiple times with volume spikes. Price action shows failed breakdown below 664.15 on 03-13, reversing with 2x average volume at 663 lows. Bias leans range-bound between 664-673, with downside risk if pivot 669.29 fails.
