Option Strategies: .SPX, TSLA& NVDA
Hello everyone! Today i want to share some trading strategies with you!
1.
$S&P 500(.SPX)$ price action still so weak, it looks like we can revisit 5500 again if SPX fails at 5600. Once SPX broke 5700 which was near last week's highs.. It was risk off for calls..
on April 2nd we have Trump's Tariffs, $Tesla Motors(TSLA)$ delivery numbers.. Big week coming up. If SPX breaks 5500 and $Invesco QQQ(QQQ)$ fails at 464 we're going to see the next leg lower in the market.
2.
I'm the biggest bull but this price action looks different. Be careful over the next month. If we breaks the march lows, We can see another 5-8% dip in the market.
$NVIDIA(NVDA)$ a loved stock hasn't acted right in months. TSLA a cult stock is down 200+ from the highs. Bitcoin moved to 109k and dropped to 77k. SPX tried to reclaim the 200 day moving average last week and failed. There's many instances of selling on every pop the past 2 weeks.
Don't get stubborn and don't fight the trend. If market doesn't bounce by April 2nd...We can see more downside.
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