TRADE PLAN for Tuesday 📈

EliteOptionsTrader
03-31

$S&P 500(.SPX)$ 100 pt reversal from the highs into the lows today. If we get any more negative headlines w Iran and Oil breaks out above 110 we'll see SPX dip again towards 6150-6200.

SPX March 31 6300P can work under 6340

$Micron Technology(MU)$ is down 150 pts from the highs since March 18. It's possible we see a backtest near 265-280 before a bottom forms.

MU April 2 300P can work under 315

$Invesco QQQ(QQQ)$ very weak today with tech lower. QQQ can test 551,541 next. I'd stay bearish under 580 in the short term.

It's only a 4 day week, the market is closed on Friday. It's possible we see the market form a bottom by the end of next week. Stay patient and protect your capital. Good luck everyone!! 🫡


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