TRADE PLAN for Thursday 📈

EliteOptionsTrader
10:58

$S&P 500(.SPX)$ 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.

$SanDisk Corp.(SNDK)$ setting up for a squeeze to 700-725 in the next 2 weeks.

SNDK March 13 700C can work above 650 tomorow

$Micron Technology(MU)$ 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! 🫡

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