$S&P 500(.SPX)$ ran from 4103 to 5263 since November 2023. When SPX enters its next consolidation period, 75% of traders will give back all their profits in the last 5 months. If you don’t want to be part of that statistic, you need to learn how to be patient and protect your capital.
After the end of the next consolidation phase, $SPX can run to 5700+. Will you have cash ready to disperse when that time comes?
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There will many more life changing opportunities over the next 2-3 years.
Make sure you don't blow up your account when the market isn't in your favor.
Trade plan for Tuesday
$S&P 500(.SPX)$ day 7 of consolidation since FOMC. SPX rejected at 5260 again. I'd wait for 5260 for calls and under 5200 for puts.
Be patient in this range $NVIDIA Corp(NVDA)$ held near 900 but failed to break above 919, possible we see 850-870 870P is best under 900
$Alphabet(GOOGL)$ break out above 153 today possible we see 170-172 as long as 153 holds 160C is best above 153
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Premarket plan
$S&P 500(.SPX)$ watch 5200 over the next 2 days. If SPX breaks this level it can drop another 50-60 pts. Puts can work under 5200
$NVIDIA Corp(NVDA)$ setting up for a dip to 850 next if it can't reclaim 900. Puts can work under 900
$Microsoft(MSFT)$ to 414,410 coming if it stays under 421 today. Puts can work under 421