Will SPY dump or get bought? Trade Ideas for Thu Feb 5
Will the selling continue? will the Dip get bought? FREE LESSON - How I join trend using AlphaOS red and green lines.
Another solid day yesterday. Behind on blog today while I’m hawking premarket action. Read on for my current thoughts.
Here is a FREE Lesson on why I went back short after getting stopped on my runners.
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 eod exhaustion
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.
SPY Support Test: Survive the Drop
Premarket weakness signals breakdown risks near key supports—protect capital, hunt reversals.
Market Context
SPY premarket closed at 681.32 after ranging between 681.13 low and 687.54 high. Price sits between pivot at 686.41 and S1 at 680.92, showing bearish bias after failed push above 687. Recent 5-day action featured multiple failed breakdowns below 686 with quick reversals on volume spikes, but today’s lower open suggests downside pressure unless support holds.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.
