Unreal Rally on SPY. Where to next? Trade Ideas for Thu Oct 2
BOOM!!! We did it again! 1000%+ on SPX 0DTE contracts
Yesterday’s trade ideas from the blog did not develop, but my price action analysis and targeting was on POINT!!! I alerted I liked SPX 6690c for $2 on a pull back form $5. I dipped to $1.90 and ran to $29 by end of day!!
As you know, one of the essential steps in my process is identify, where is SPY/SPX going and I use my level to determine that. Then I know what I should be able to sell if for. This tells me the maximum I’m willing to pay for those contracts.
When you go that and are patient. Instead of buy at 5. I was able to buy at 3 (had a snafu on the $2 order). But that’s how I get 500-1000%!
Watch the video to see what happened and learn how I read the action.
Remember you don’t need to force trades, you need to be patient. My process works and it pays!
VIDEO LESSON of SPY/SPX Trade Ideas
If you are tired of overtrading, not knowing how to plan trades, and want to make more in less time, come join us.
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
If you are busy and want to see my commentary and ideas in real time consider joining THT-PRO.
Plan for Thu Oct 2
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 Push: Claim Your Bullish Advantage
Bullish momentum eyes resistances, but guard against failed breakouts for protected gains.
Market Context
SPY has shown choppy price action over the last five trading days, with a multi-day low of 654.40 on September 25 and a high of 669.37 on October 1, reflecting volatility amid broader market uncertainty. The previous day’s close was 665.73, and premarket trading today has pushed higher to a close of 670.27, positioning above the pivot at 666.53 but below the first resistance at 672.54. Overall bias leans bullish in the short term due to premarket momentum and recent bounces off support near 663, but watch for failed breakouts above 670 as volume remains moderate.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.