TRADE PLAN for LOTTO Friday 🔥
1
$S&P 500(.SPX)$ what a bounce today, SPX +120 SPX if it reclaims 7500 we can see all time highs again in August. Calls can work above 7420 tomorrow
$Micron Technology(MU)$ the bottom is in. The stock dropped from 1250 to 705. If it gets through 900.. 1000 comes fast.
MU July 31 930C can work above 900
$Microsoft(MSFT)$ up 17% after earnings. MSFT has been in a downtrend for months. If MSFT can form a new base above 440.. we can see 500 by September. Calls can work above 450 tomorrow.
Good luck tmrw everyone!! 📈
2
STOP TRADING UNTIL THIS HAPPENS.
Before I decide how aggressive to be, I check the $S&P 500(.SPX)$ weekly chart first.
Here's what I do:
1. Market trending cleanly with levels holding
= stay aggressive, size up on your setups
2. Market choppy, no clear direction, levels breaking and reclaiming
= that's my signal
3. I drop to 1/10th size and stop forcing trades entirely
Then I wait for:
- Clear narrative shift
- Price to respect a major level
- Context to confirm I can size up again
The move after the consolidation always pays better.
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