Will we get Day 3 rally? - Trade Ideas for Thu Mar 5
One hour of action and all day consolidation -- What does it mean? Spectre AI nailed the reversal long off 680!
SPY rallied hard in the first hour yesterday and then it consolidated for the next 5 hours. That makes me believe there was a seller liquidating into the highs after the recent strong rally.
The question now is, do we get another BTFD day and break through that wall for a day 3 rally? or are we going to fade back a bit for more consolidation today?
Remember to pay attention to previous day patterns for a guide until the pattern changes. Which it will.
As for our results yesterday, we caught a small short and then flipped into calls and bull puts for an easy payout in under 60 minutes.
Spectre AI nails it!
i was short early out of the gate right into 680 and took profits on majority and then quickly flipped. Why? I read SpectreAI’s analysis and it made a lot of sense.
SPY cleared R1 and ran to 687!
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 Pivot Trap: Survive the Reversal
Premarket bounce tests key pivot—watch for failed breakdown below 682.11
Market Context
SPY premarket closed at 682.37 after ranging 682.09-687.10, sitting just above the daily pivot at 682.11. Over the last 5 days, price action shows multiple failed breakdowns below 682 with quick reversals on elevated volume, suggesting bullish bias if support holds. Previous close was 682.37, with multi-day low at 669.66 and high at 694.22; expect range-bound chop unless 682.11 breaks decisively.
Key Events Today
No major events scheduled today, potentially leading to range-bound action.
