Will SPY reach 675+ today? - Trade Ideas for Tue Mar 16
Monster idea played out on 673 short Friday. Which Trade Idea pays us today? Will our win streak continue?
Yesterday was a bit choppy but… we focused on 6660 bull puts and 6730 bear calls. Both ended up going to 0. Exactly why I have started to do more credit selling. On top of that, I was done trading by 11:30 and was able to spend the time to visit a manufactured home factory.
How to use AlphaOS to recognize shift in momentum
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.
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SPY Alert: Dodge Breakdown Traps Today
Premarket at 670.80 eyes pivot test—failed breakdown setups prime for reversal gains.
Market Context
Premarket Traps Ahead
SPY premarket closed at 670.80, sitting just above the pivot at 667.43 after ranging between PMH 671.04 and PML 665.76. Over the last 5 days, price action shows choppy volatility with multiple failed breakdowns below 662.8 and breakouts above 672.57, often reversing on volume spikes. Bias leans neutral-to-bearish with downside risk to supports if 667.43 fails, but strong reversal potential on rejection.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.
