Trade Ideas for Tue Feb 24
BOOM! 3/3 Credit Sells won again!
Good morning all. Monday was a clean and easy payer!
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.
FREE LESSON on catching End of Day Exhaustion
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What is Two Hour Trading?
Two Hour Trading is my system for finding and executing trades while spending less than two hours a day trading. My goal is to earn 100-300% on the capital I risk while waiting for 1000%+ gain trades to set up. Key benefits include:
High-quality trades with excellent reward vs. risk
Avoiding overtrading and losses from it
Trading to win vs. trading not to lose
Stacking the deck in your favor
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SPY Pivot Trap: Survive the Breakout Fakeout
Premarket at 683.42 eyes failed breakdown below pivot—catch the reversal bounce
Market Context
SPY premarket closed at 683.42, sitting just below the daily pivot at 684.64 after testing PMH 684.21 and PML 681.69. Recent 5-day action shows choppy range trading between 675-690 with multiple failed breakouts above 688 and breakdowns below 682, forming a tight consolidation bias toward range-bound play unless volume confirms direction. Previous close 682.85 positions today’s open for potential failed breakdown reversal if support at 679.28 holds.
Key Events Today
8:00 am - Chicago Fed President Austan Goolsbee speaks
9:00 am - S&P Case-Shiller home price index (20 cities) (Period: Dec.) | Forecast: 1.3% | Previous: 1.4%
9:00 am - Atlanta Fed President Raphael Bostic speaks
9:15 am - Fed governor Christopher Waller speaks
9:30 am - Fed governor Lisa Cook speaks
10:00 am - Wholesale inventories (Period: Dec.) | Forecast: 0.2% | Previous: 0.2%
10:00 am - Consumer confidence (Period: Feb.) | Forecast: 88.6 | Previous: 84.5
3:15 pm - Boston Fed President Susan Collins and Richmond Fed President Tom Barkin speak
