Hello everyone! Today i want to share some trading strategies with you!
1.
TRADE PLAN for Friday ✅
$S&P 500(.SPX)$ if it can hold above 5900 tomorrow we can see one more push to 5973-6000 next week. Possible back range once we move near 6000.
SPX 5930C best above 5900
$Tesla Motors(TSLA)$ big run this week, started to show some signs of weakness today. TSLA needs through 350 to test a key resistance at 363. TSLA through 363 can run to 400+
TSLA 355C is best above 350
$Invesco QQQ(QQQ)$ if it fails to hold 515 it can drop to 508 again.
QQQ 513P is best under 515
I'd be careful trading calls over the next week if SPX breaks 5843 and $QQQ can't defend 511.
2.
Trading countertrend is the fastest way to blow up an account.
It's possible we see 6000 on SPX next. Wait for signs of weakness before considering puts. EVERY dip has been bought up the past 3 weeks so there's no reason to size into or swing puts.
There's 2 areas I would consider puts. SPX 6000 or a reversal under 5767. Wait for these otherwise just continue to ride the trend higher.
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