50bps!! How the Option Market Cope With?
Hello everyone! Today i want to share some macro analysis with you!
1.
Fed's Powell Says Squarely Focused On Our Goals; Economy Strong Overall; Economy Is Strong Overall; Committed To Maintaining Economy's Strength; Fed Reduced Amount Of Policy Restraint Today; Our Decision Today Reflects Growing Confidence That Strength In Labor Market Can Be Maintained
2.
$S&P 500(.SPX)$ dropped 0.29% after FOMC. We saw 2 attempts at all time highs at 5670 this week. We can see one more shakeout in the 5568-5600 before the next run up to 5800+. One more day of consolidation possible then a big bounce on Friday can happen. Be patient 🙏📈
3.
TRADE PLAN for Thursday ✅
$S&P 500(.SPX)$ lower today after FOMC/Powell. SPX rejected at 5670 twice this week. SPX if it holds near 5600 we can see 5670 by Friday
$Meta Platforms, Inc.(META)$ setting up for ATH test at 544. META Through 544 can run to 579
META Sept 27 550C is best above 544
$Invesco QQQ(QQQ)$ through 475 will set up for a run to 484-488 by next week.
477C is best above 475
4.
When it breaks out above $64k we will see ATH at $73K..
Bitcoin setting up for 100k by next year. 🚀
We've seen close to 7 months of consolidation with bitcoin dropping to $50K at the lows.
This next leg up will send it to $100K. We can see bitcoin trade at $250K-500K within this decade.
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https://x.com/EliteOptions2/status/1836560171151351840
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