Will SPY make more highs today? -- Plan for Fri Dec 12
Our Bull Puts paid again, all wins yesterday! and SPX 6870c and 6890c were magic! Spectre Special paid 500% at the close!
I love doing Credit Sells, but I haven’t stopped taking Naked calls/puts. SPX 6890c paid!!! $1.25 → 14. I was happy with a $10 exit.
Process = Profits
Solid day again yesterday but supper difficult to find a 10 bagger. But its ok because process paid us!
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? One of my yolo trades that goes 300-1000% in under 30min.
Credit Selling
More solid work on Bull Puts and why I preach locking in gains ahead (depending on where the strike is)
SPX 6830/25 - WON
SPX 6860/55 - WON
What I love up Credit sells is that if you are OTM, you can usually average up once and exit flat or even some profit at least once or twice. You can also often get out flatish AFTER it the price action indicates a change in direction.
100% win rate on the day
VIDEO RECAP SPY/SPX on Dec 11
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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:
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Avoiding overtrading and losses from it
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Plan for Fri Dec 12
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.
Survive SPY’s Pivot Battle Today
Trade the 687.42 level for quick reversals amid Fed chatter.
Market Context
SPY is hovering in premarket around 688-689, building on yesterday’s close near 689 after a volatile session that saw it test highs above 690 before pulling back. The chart shows a tight range-bound pattern over the last few days, with multiple failed attempts to break above 690 and support holding firm near 683. Overall bias leans neutral to bullish, as volume spikes on dips suggest buyers stepping in. Watch for consolidation around the 687.42 pivot, where recent bounces have created a battleground for intraday momentum.
Key Events Today
10:00 am ET: Wholesale Inventories (September) – Forecast: 0.1% (Previous: 0.0%). A surprise beat could signal stronger supply chains, supporting equities.
10:35 am ET: Chicago Fed President Austan Goolsbee speaks – Key for rate cut expectations; dovish comments may fuel upside.
These events cluster in the morning, likely driving choppy action before settling into afternoon trends. No major data bombs, but Fed rhetoric remains the wildcard.