Will SPY resume Rally or consolidate another day? Trade Ideas for Friday Oct 03
BOOM!!! We did it again! 300%+ on SPX 0DTE contracts. Caught almost the entire range!
I was worried yesterday would be a chop fest, and consolidation after 2 days of big payouts. That said I’m proud of THT PRO members’ patience and securing almost the entire rang on SPX 6720c.
We also took 6700p and you used GEX to give you warning and heads up to exit the puts and be done on short side! Great job Courtney! What a difference in your trading from when you first joined! Go Girl!
Congrats on following the process/system on shorting SPY gap ups into new highs!
I predicted SPX 6700P would reach $12 based on our levels and GEX option scanner.
BOOM 300%!
Let’s review yesterday’s price action.
VIDEO LESSON of SPY/SPX Trade Ideas
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 Oct 3
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.
SPY Momentum Hold: Will it Defend Gains Above Pivot
Premarket uptick above 669.52 pivot signals bullish continuation, watch for reversals at 668.1 support to avoid downside traps.
Market Context
SPY’s recent session on October 2 closed at 669.37 after a volatile day with highs near 670.74 and lows around 668. Premarket trading on October 3 has pushed the price to 670.32, above the pivot at 669.52, suggesting a mildly bullish bias with potential for continuation if it holds above key supports. Chart patterns show a series of higher lows since September 26’s low of 657.36, with failed breakdowns below 668 providing reversal opportunities, while volume spikes during recent opens indicate strong interest around 669-671.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.
