Positive Sign for the Market: .SPX, META, NVDA& QQQ

EliteOptionsTrader
05-09

Hello everyone! Today I want to share some trading strategies with you! Hope it can help you!

1.

$S&P 500(.SPX)$ dip bought up just moved red to green.. watch that 5200 level if it gets through we can see a 50 pt move over the next 2 days

$Meta Platforms, Inc.(META)$ got through 474... 477.5c best above 474.. now trading at $3.50

$NVIDIA Corp(NVDA)$ moved red to green but still under that 919, possible it starts to breakout tomorrow

2.

$S&P 500(.SPX)$ so close to testing all time highs, continue to watch that 5200 level.. Big resistance to get through to set up for 5264

$Invesco QQQ(QQQ)$ through 442 will set up for all time highs as well.. we can see 450+ quickly

$NVIDIA Corp(NVDA)$ basing the past 2 days.. It should test 919 in the next 2 days

3.

$S&P 500(.SPX)$ +$42,137 for the day. Price action choppy today but still managed to squeeze out some profit $SPX going to present some good opportunities if it gets through 5200 this week

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4.

The market is ready to make a bigger move to the upside 🚀 $S&P 500(.SPX)$

How well you navigate through a bull market is what will differentiate you from other retail traders.. Most retail traders still LOSE during most bull markets.. Why is that?

It comes down to a lack of patience. As a mature trader, you understand that patience is key. You CAN’T force trades every day hoping for profit. The market needs time to set up for bigger runs.. and momentum comes in waves. You must wait for the right moments to capitalize on these opportunities and most importantly not hesitate when they are presented.

If you’re patient and disciplined.. you'll avoid the common pitfall of giving back all your gains and more each week with your PnL pinballing up and down. Instead you'll be ready to attack the high-probability setups that present themselves throughout the year and be able to grow your account with minimal effort.

Remember, the path to successful trading is paved with patience, discipline, and the ability to wait for the right opportunities.

Don’t let impatience be the reason you don’t succeed in achieving your goals.

5.

Trade plan for Thursday ✅

$S&P 500(.SPX)$ 2 days of consolidation near 5200. SPX through 5200 can test ATH at 5264 and run to 5300 5220C can work above 5200

$Meta Platforms, Inc.(META)$ above 474 can run to 485,494 this month 477.5C can work above 474

$Invesco QQQ(QQQ)$ if this can get through 442 in the next 2 days we can see 446 quickly 443C can work above 442

Follow me to learn more about analysis!!

https://twitter.com/EliteOptions2/status/1788358678594384013

Macro Trend
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