TRADE PLAN for Thursday 📈

EliteOptionsTrader
11:06

$S&P 500(.SPX)$ had another consolidation day under 7700. It just printed 3 consecutive red days as well. IF SPX gives up 7600 we can see one more flush to 7550-7580 range. The market is waiting for CPI data on Friday. Be patient for now, SPX needs 7700 to look at calls or under 7600 for puts.

$Micron Technology(MU)$ closed at 1027 today. It held the 1k support at the open and closed green on the day with $Invesco QQQ(QQQ)$ lower. MU is winding up for 1250+ again this year. I'd stay bullish above 1000

$Advanced Micro Devices(AMD)$ 530 is a breakout level for a move ot 546,560 next. Calls can work above 530 for the week. I'd stay bullish above 517.

FOMC coming up 1 week from today. After this day we'll see the next big trend in the market. BE PATIENT.. Good luck tmrw everyone!! 🫡

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