Option Strategies: .SPX, PLTR& QQQ

$S&P 500(.SPX)$ 7000 Loading… 📈

After dropping nearly 1300 points from the highs, $SPX had a full recovery and broken back above all-time highs all in just about 3 months since the April lows. Momentum is building, and we now look set to test 6500 soon, with a possible run to 7000 by year end.

Here’s what I’m watching in the months ahead:

Scenario 1: Extreme Bull

SPX breaks above 6300 and launches into a melt-up toward 6500 within a few sessions. After a short consolidation under 6500, we break out again and trend toward 6800–7000 by year end

Scenario 1: Bad Bull

SPX clears 6300 and grinds to 6400. Then comes a sharp pullback to 6000, trapping overconfident bulls. We chop between 6000–6300 for a few months before finally reclaiming ATHs and pushing toward 6750–6850. A final consolidation near 6650–6850 sets the stage for a year-end breakout to 7000

Scenario 3: Bear Case

SPX breaks 6300 and reaches 6350 before fading. Bulls get trapped again as we fall back to 6000, consolidate, then break lower to 5850. We hold that level and recover into year-end, pushing back toward 6400

The road to 7000 likely won’t be smooth expect shakeouts, fakeouts, and shifting narratives. But as long as key levels hold, the broader trend remains bullish.

Stick to your plan. Stay disciplined. Let’s see just how far this rally can go in 2025.

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TRADE PLAN for Tuesday 📈

$S&P 500(.SPX)$ consolidation day after failing at 6251. As long as SPX holds 6200 I'd stay bullish.

SPX July 9 6280C is best above 6251

$Palantir Technologies Inc.(PLTR)$ through 140 can run to 144-146 this week. Lots of relative strength today

PLTR July 11 142C is best above 140

$Invesco QQQ(QQQ)$ if it breaks 550 support level, it's risk off for the upside. QQQ under 550 can drop to 541 again.

QQQ July 9 548P is best under 550

It's possible e see another day of consolidation tomorrow if SPX stays under 6251 and QQQ under 556. Good luck tmrw everyone!! 🫡

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