TRADE PLAN for Tuesday π
Hello everyone! Today i want to share some trading strategies with you!
TRADE PLAN for Tuesday π
$S&P 500(.SPX)$ 7 days of consolidation since touching the ATH at 7816. Let's see if SPX tests the 7620 level before a bottom forms. I don't see any real signs of strength in SPX or $Invesco QQQ(QQQ)$ yet.
QQQ can fill the gap near 701 next. If we see a quick flush to 693 this week, this should mark a short term bottom. BE patient and wait until after Core PCE/NVDA earnings before taking any bigger trades this week.
$SanDisk Corp.(SNDK)$ dropped 200 points from last night's highs at the open on Sunday. SNDK held at 1416 and closed at 1493. If it can breakout above 1500 by Wednesday we can see 1600 on Thursday. Calls can work above 1500.
$There's a rotation happening into the Mag 7 again. Let's see if META can make a push back to 580-590 range in the next 2 weeks. Calls can work above 560 for META.
Good luck tmrw everyone!! π«‘
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