TRADE PLAN for Thursday π
$SPX extremely choppy day with SPX failing to reclaim 6800. SPX dropped 60+ from the highs and closed at 6775.
TRADE PLAN for Thursday π
$SPX extremely choppy day with SPX failing to reclaim 6800. SPX dropped 60+ from the highs and closed at 6775.
We have Core PCE data coming out Friday morning. SPX needs back through 6800 to start to look more bullish. This WIDER range continues into month 6 for SPX. Wait for 6800 for calls.
$SNDK setting up for a squeeze to 700-725 in the next 2 weeks.
SNDK March 13 700C can work above 650 tomorow
$MU almost ready to test ATH at 455. Earnings coming up next week as well. If MU can hold above 412 we should see 425-430 next.
MU March 13 430C can work above
420
It's possible we see another consolidation day tomorrow if SPX fails to reclaim 6800 and QQQ stays under 610. Be patient until we see the reaction to Core PCE on Friday. Good luck everyone! π«‘
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This month it's Iran and Oil. Next month will be another reason for the market to crash.
In 3 months, none of it will matter and the market will continue to print new highs.
Don't let short term noise blind you of the big picture.
$MU to 455 coming π
$TSLA runner today, testing 414. if it holds this level it can run to 424 next, 400 could be the bottom here, its been in a multi month downtrend
$MU wants 455+ after earnings next week, its testing the highs of the week now, calls working above 410
$SPX testing 6800 needs through this level to look more bullish
TRADE PLAN for March 11th π
Sentiment: Neutral
$SPX gapping lower if it moves red to green and reclaims 6800 it can start to look more bullish. For now we're seeing a wider range from 6720-6800. I'd wait for 6800 for calls.
$MU gapping higher with the market lower if MU pops back above 410 it can move to 420-425. Calls can work above 410
$QQQ lots of resistance in the 610-614 range. Every time it pushes up here it reverses lower needs to get back above 614 to look bullish this month.
Good luck everyone!! π«‘
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TRADE PLAN for Wednesday π
$SPX consolidation day after a 170+ pt move higher yesterday. SPX moved to 6845 and dipped 60+ into the close. IF SPX reclaims 6800 l'd consider calls for a move to 6880+. CPI data premarket tmrw. SPX 6840C is best above 6800
$QQQ 614 is the next big resistance to get through to test 618,622. I'd swing calls through this level for another push higher this month. IF QQQ fails to hold 607 l'd avoid calls.
QQQ March 13 616C is best near 614
The next big catalyst in the market will be the end of the Iran war. Once this new is official, I anticipate we'll see SPX move through 7000 and QQQ back to 629+.
Good luck tmrw everyone!! π«‘
Markets bottom on bearish news.
If we can't break Monday's lows with more negative Iran news..
Guess which direction we go in next. π
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- The process is identical
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The only difference is time and position size.
Keep going.
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Sunday night we saw a BIG gap down in the market. SPX futures was -150, NQ was -500
That low looks like it marked the bottom.
$SPX price action bullish today, SPX to 6880 possible after CPI data tomorrow
$MU to 455, $SNDK to 700 in play on the next leg higher.
$MU up 8 from 400 so far, calls working.. MU 455+ possible after earnings next week,
$SPX keep an eye on 6800 if it gets through we can see 6880 by Friday
$QQQ 610 breakout level this week lets see if it can get through by tomorrow
TRADE PLAN for March 10th π
Sentiment: BULLISH.
$SPX watch 6800 today if it gets through it can make a push towards 6850-6880 next.
SPX March 10 6830C is best above 6800
$MU setting up for 400 test today.
MU through 400 can run to 415-420 this week.
MU 405C can work above 390
$SNDK gapping near 600, SNDK to 650 possible by next week if it gets throug hthe 600 resistance.
SNDK March 13 620C is best above 600.
Good luck everyone!! π«‘
TRADE PLAN for Tuesday π«‘
$SPX 178 pt bounce from the lows.
The markets rallied on Trump's post about the Iran war could be ending soon. If SPX can reclaim 6800 tomorrow and move back to 6880 we'll see a push to 7000 again. It'd best to see SPX hold above 6720. SPX March 10 6830C is best above 6800
$MU setting up for a run to 400+. MU earnings coming up next Wednesday
as well. MU to 455+ in play by the end of next week.
MU March 13 400C is best above 385
$QQQ all about 610 if it gets through we'll see a run to 614+
QQQ March 13 614C is best above 610
Good luck tmrw everyone!! π«‘
Caught 120% on $QQQ calls today.
Here's why I took the trade π
Futures sold off hard overnight, but the dip got bought almost immediately near the open.