Today is CHOPEX!!
AND we had a huge trend up. I'm not picking a direction. What I can guarantee you is pure fuckery past 11am. until 3pm.
If you are red on the week or a new trader or in a slump, today is DEFINITELY not the day to overtrade. Power Hour is your best chance to get a play.
The option-expiration week is a week before options expiration (Friday before each 3rd Saturday in each month).
If you dont really want to get caught up in the emotions today.
Wait for a big sell off to catch the dip, that’s my plan.
But my favorite long term position $NVIDIA Corp(NVDA)$ 1500c @Jan 2026
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Today is the OPEX and all the news for the week has come out like PPI and CPI. The big levels of $SPDR S&P 500 ETF Trust(SPY)$ resistance right now is $530. If we can break this level then $532 -$533 area will be the target. If the market doesn’t get above this level then retest $528. I expect a tough day of trading with the best moves happening in the first 60minutes. Next week the hilight will be $NVIDIA Corp(NVDA)$ earnings and FOMC meeting minutes on the same day.