Will SPY continue selling ahead of FOMC or will it bounce? -- Plan for Tue Dec 09
Will SpectreAI be on point again today? Credit Selling pays again. No headaches, free money. Spectre Special delivered 5x to 18x!!!! SPX 6870c from 0.1-> 1.80!!! while SPX 6860 2->12 for 500%
I missed the trade!! SPX 6840c. I was watch 6820c for a cheapie dip buy. I hate missing 20-50x!!!!
but SPX 6825/20 bull puts did their job! We get paid as it goes to 0!!!
Is a Santa Rally coming?
It sure does look like it. Market is expecting a rate cut, let’s see what the Fed does on Wednesday.
Credit Selling
I’ll also be beefing up and scaling up my credit selling. Why not? with an 80%+ win rate (closer to 90%+ at the moment). It’s dumb not to.
I hade my first credit selling loss in over 12 trades yesterday being stubborn. At least I scaled down. The good thing. it didn’t hurt my account and is wash one credit sell winner and I had another credit sell winner.
SPX 6900/05 bear call - won
SPX 6870/75 bear call - won
SPX 6855/50 bull puts - lost!
SPX 6825/20 bull puts - win
75% win rate on the day.
VIDEO RECAP SPY/SPX on Dec 08
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Plan for Tue Dec 09
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.
Target the 684.26 pivot for today’s high-stakes reversal play
Market Context
SPY has been grinding higher over the past week, closing the previous session at 683.55 after a volatile day that saw it dip to 681.21 before rebounding. The chart shows a bullish bias with higher lows forming since the 672.76 support on December 2, but momentum is stalling near recent highs around 686. Recent sessions featured failed breakdowns below key supports, like the bounce from 681.21 yesterday, suggesting buyers are defending the uptrend. However, volume spikes on pullbacks indicate potential exhaustion, with the index hovering near the 684.26 pivot. Overall bias remains cautiously bullish, but watch for a failed breakout above 686.96 to signal weakness—ideal for reversal traders eyeing quick scalps in this range-bound action.
Key Events Today
6:00 am ET: NFIB Small Business Optimism Index (November) – Forecast: 98.2 (Previous: 98.2). A beat could fuel risk-on sentiment; a miss might pressure the pivot.
10:00 am ET: Job Openings (October, delayed) – Forecast: 7.2 million (Previous: 7.2 million). Steady readings support the Fed’s soft landing narrative, but surprises could swing SPY 0.5-1% intraday.
No Fed speakers today, but tomorrow’s FOMC decision looms large—positioning ahead of it could amplify volatility.