Trading Strategies: .SPX, NVDA& META
Hello everyone! Today i want to share some trading analysis with you!
1.
$S&P 500(.SPX)$ almost through 5200.. big level to get through to set up for 5264, almost through now
$Meta Platforms, Inc.(META)$ breaking higher again.. we should see 474 in the next 2 days.. META to 500 coming
$NVIDIA Corp(NVDA)$ consolidation today after $AAPL chip news, needs through 919 to consider calls
2.
This is the type of trade you want to look for this week with $S&P 500(.SPX)$ setting up for a run back to All Time Highs 👇
Trigger: $S&P 500(.SPX)$ above 5200 ✅
Trade idea: $S&P 500(.SPX)$ 5/24 5300C | $SPY 5/24 522C 📈
Targets: 5264 5300 🎯
Stop: 5179
After a 4 week consolidation, $S&P 500(.SPX)$ is setting up test all time highs at 5264 again. The key trigger level is 5200 for this week. If SPX closes above 5264 we can see 5500 this summer. Keep a close eye on 5200 this week.
3.
Trade plan for Wednesday ✅
$S&P 500(.SPX)$ consolidation day after testing the key resistance at 5200. Watch 5200 over the next 3 days. if it gets through we can see all time highs 5220C can work above 5200
$NVIDIA Corp(NVDA)$ keep an eye on 919.. NVDA can run to 935 quickly if it breaks above 940C can work above 919
$Meta Platforms, Inc.(META)$ 474 possible by Friday. Calls can work above 470 475C can work above 470
4.
Mental toughness and resiliency are built through failure.. So if you quit every time you fail, you become weaker and start moving backwards.. Make sure your trading losses don't cause you to quit.. Keep them small and take the time to learn from them.
Follow me to learn more about analysis!!
https://twitter.com/EliteOptions2
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
