1.
Trade plan for TUESDAY 📈
$S&P 500(.SPX)$ tried to reverse lower today but held up well. SPX 5500 in play by Thursday as long as 5400 holds
SPX 5470C can work above 5430
$Strategy(MSTR)$ is setting up for a move to 324 if #bitcoin can hold the 85k support level this week. MSTR possible we see 337+ by Thursday if Bitcoin breaks out above 85k
MSTR 325C can work above 310
$Tesla Motors(TSLA)$ earnings coming up in a week. TSLA to 265-276 possible if TSLA defends 251 tomorrow
TSLA 260C best above 251
2.
The big clue you'll see that a true bottom has formed will be based on how the market reacts to next big piece of negative tariff news in the market.
IF we see more retaliation from China and the market can't break last week's lows($SPX 4835). There's a higher likelihood a bottom has started forming.
The market will become more and more desensitized to tariff news going forward once we see the market have its first inverse day higher on negative news. That will be the tell. WAIT for it.
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