Trading Strategies: .SPX, MU& AMD

Hello everyone! Today i want to share some trading strategies with you!

1

$Micron Technology(MU)$

Trade Idea: May 29 700P

Trigger: 750 📉

Targets: 727, 700 🎯

Stop: 772 🛑

MU moved from 652 to 780 last week.

MU reversed 30 points lower into the close on Friday as well, so the price action started to look weaker into the end of the week.

If MU fails to hold near 750, it can drop to 727–700 again. MU is in a wider range from 650–772 for now.

I’d be more cautious trading in this range. Puts can work under 750 this week.

2

$Advanced Micro Devices(AMD)$

Trade Idea: May 29 490C

Trigger: 471 ✅

Targets: 480, 492 🎯

Stop: 460 🛑

AMD gapped up to 469 on Friday and ran to 481, but ended up trading in a range most of the day.

If AMD can get back above 471, it should test 480–492 again. Calls can work above 471 this week.

AMD under 457 will start to look more bearish.

AMD to 431 is possible if it fails to hold 457.

3

$S&P 500(.SPX)$ TRADE PLAN 📈 📉

SPX bullish plan: SPX above 7500 | SPX May 27 7550C 📈

T: 7546, 7576 SL 7648

SPX bearish plan: SPX under 7468 | SPX May 27 7400P 📉

T: 7438, 7400 SL 7500

SPX moved from 7333 to 7506 last week, stopping at 7500 again.

It’s possible SPX formed a double top short-term if it can’t get back above 7500 this week.

SPX can trade in a 200-point range from 7300–7500 for now. Be careful with sizing as long as SPX stays in this wider range.

Puts can work under 7438 or 7400 this week. Calls can work above 7500.

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