Tremendous Oppurtunity Friday. Did you catch it? Will SPY make new highs this week? Trade Ideas for Mon Nov 03
Edge Round Up scheduled for Tuesday 11:30am ET. Zoom link to follow
Friday was spectacular. We finally got the gap fill and reversal, followed by a perfect rally and the profit taking yielding 300-700% gains!
We nailed it again yesterday!
Amazon earnings report had investors buying! It had been stuck around 220-230 for weeks. Investors loved it and iit 250 overnight. Investors also bought the dip on SPY at 680 taking it 686 this morning! We have range = we have opportunity!
SPY/SPX Video Review
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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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Plan for Mon Nov 3
Stick to process. The process and trade setups I teach works. Rinse and repeat over and over again. There will be losses. Any good system will have them. Being systematic also means the gains will repeat and come again too. If you keep changing your system/process trying in an effort to never lose a trade, you will never get to where you want to go.
Premarket at 684.47 signals bullish bias—watch for reversals above pivot.
Market Context
SPY has shown choppy action over the last five days, with a multi-day high of 689.70 and low of 679.72, reflecting volatility around the pivot amid mixed sessions. The premarket close of 684.47 sits above the pivot at 682.76, suggesting mild bullish bias with potential for failed breakdowns below supports if volume picks up. Key patterns include multiple rejections at 686.27 resistance and bounces off 680.31 support, with average 1-minute volume around 20,000 shares—spikes over 40,000 often precede reversals.