TRADE PLAN for LOTTO Friday 📈
$S&P 500(.SPX)$ and $Invesco QQQ(QQQ)$ had a bigger gap down this morning but the dip ended up being bought up. We saw both fade throughout the day BUT the longer we stay above last Thursdays lows, the further confirmation we have a bottom forming.
PPI numbers are coming up premarket tmrw, if we see a positive reaction $SPX can push back to 7650 and $Invesco QQQ(QQQ)$ can run back to 695 again.
$Micron Technology(MU)$ can lead the market higher, we saw lots of relative strength today. MU actually closed near the highs of the day with SPX and QQQ lower. Watch to see if $VanEck Semiconductor ETF(SMH)$ can hold 500 tomorrow as well, if so it can push back to 525.
$Advanced Micro Devices(AMD)$ is winding up for a push to 600.
$NVIDIA(NVDA)$ dropped to 148 and closed at 166. Dip buyers stepped in big time today. Let's see if NVDA runs back to 187 in December.
Alot of people are still skeptical we didn't bottom yet. When there's uncertainty, there is where the edge lies. Buy the dip. 🫡
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.
