Will SPY break pivot today and flush? -- Plan for Fri Dec 19
Our Bear Calls paid! Our Bull Puts Paid! AlphaOS is making Credit Selling a no-brainer. Debit spreads paying 100-200%. Spectre Special end of day gave 300-500%
AlphaOS Charts made it super easy to get long as I alerted/discussed in the room yesterday.
That dip to blue line for long entry was perfect. Taking profit at the dashed yellow previous day high was easy! Most of our work was done in under an hour!
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.
Credit Selling
SPX 6755/50 bull put - WON
SPX 6830/35 bear calls - WON
Spectre Special
SPX 6885P 1 → 9 (Sorry don’t recall)
VIDEO RECAP SPY/SPX on Dec 18
Guys… The latest version of contracts on watch is spectacular! I’ve already won several trades using it while reducing my mental load.
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 Fri Dec 19
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.
Targeted setups to exploit breakdowns and reclaim control in volatile markets
Market Context
SPY is opening with premarket action hovering around 676-677, showing early consolidation after a choppy close on December 18 at 676.48. The index has been trapped in a tight range between 675 and 678 over the past sessions, forming a descending triangle pattern on the 1-hour chart with lower highs since the December 12 peak near 689. Volume has been muted in premarket, suggesting indecision, but the bias leans bearish if the pivot at 675.76 fails, as recent sessions have seen repeated tests of support with quick reversals on low conviction. Watch for a potential breakdown toward deeper supports amid broader market caution ahead of key data releases.
Key Events Today
8:30 am ET: New York Fed President John Williams TV appearance – Could provide insights on rate path, influencing bond yields and equity sentiment.
10:00 am ET: Existing home sales (November) – Forecast: 4.1 million (prior: 4.1 million). Steady readings may ease recession fears, but any downside surprise could pressure cyclicals.
10:00 am ET: Consumer sentiment final (December) – Forecast: 53.5 (prior: 53.3). A slight uptick might boost risk appetite, while weakness reinforces bearish undertones.
