1.
TRADE PLAN for Tuesday 📈
$S&P 500(.SPX)$ consolidation day before FOMC on Wednesday. SPX rejected at 6400 and dropped 25 points. Most likely we see another consolidation day tomorrow. WAIT For AFTER FOMC before considering a trade this week.
$NVIDIA(NVDA)$ lots of relative strength, NVDA to 180 possible if market can rip higher after FOMC.
NVDA Aug 8 180C is best above 175 this week
$Broadcom(AVGO)$ 300 test in play by Wednesday. If AVGO can breakout above 300 it can run another 15-20 points in August.
AVGO Aug 8 310C best near 300
I'd be patient over the next 1.5 days before FOMC. I don't see any signs of momentum in SPX or $Invesco QQQ(QQQ)$ . Good luck tomorrow everyone! 🫡
2.
The best traders don’t just take better trades.
They avoid the worst ones.
Discipline isn’t what you do…
It’s what you DON’T do. Remember:
Restraint is the million dollar secret.
Do you understand?
For whom haven't open CBA can know more from below:
🏦 Open a CBA today and enjoy privileges of up to SGD 20,000 in trading limit with 0 commission. Trade SG, HK, US stocks as well as ETFs unlimitedly!
Find out more here:
Comments