Option Strategies: Wait for the Huge Bounce!

EliteOptionsTrader

There will be having a private Bilateral talk tomorrow at the Whitehouse. This event can cause volatility throughout the day depending on what happens. We saw $S&P 500(.SPX)$ run 280 points and $Invesco QQQ(QQQ)$ 48 points in 5 days. Best case scenario we see one more consolidation day before a bounce on Friday/Monday.

Either way you need to manage your risk until we see the market reaction to the meeting. SPX if it fails at 7700 avoid calls. If $Invesco QQQ(QQQ)$ fails at 738 let it drop as well.

$Micron Technology(MU)$ and $SanDisk Corp.(SNDK)$ showed no signs of strength the whole day. We nee dto see MU back above 1100 and $Invesco QQQ(QQQ)$ above 1850 to see momentum to the upside.

We saw a rotation into software stocks while chip and memory stocks took a break. Gold also trended lower along with $Bitcoin(BTC.USD.CC)$ as well. The 10 year is back above 5%. We need to see this back under 5% with oil lower to see stocks move back higher.

Tread lightly, we saw a huge bounce in 5 days. Let's see where the higher low prints. Good luck tmrw everyone!! 🫡

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This event can cause volatility throughout the day depending on what happens. We saw <a data-mention-id=\".SPX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" target=\"_blank\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> run 280 points and <a data-mention-id=\"QQQ\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" target=\"_blank\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> 48 points in 5 days. Best case scenario we see one more consolidation day before a bounce on Friday/Monday.</p>\n<p style=\"text-align: left;\">Either way you need to manage your risk until we see the market reaction to the meeting. SPX if it fails at 7700 avoid calls. If <a data-mention-id=\"QQQ\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" target=\"_blank\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> fails at 738 let it drop as well.</p>\n<p style=\"text-align: left;\"><a data-mention-id=\"MU\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Micron Technology\" target=\"_blank\" href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$</a> and <a data-mention-id=\"SNDK\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"SanDisk Corp.\" target=\"_blank\" href=\"https://ttm.financial/S/SNDK\">$SanDisk Corp.(SNDK)$</a> showed no signs of strength the whole day. We nee dto see MU back above 1100 and <a data-mention-id=\"QQQ\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" target=\"_blank\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> above 1850 to see momentum to the upside.</p>\n<p style=\"text-align: left;\">We saw a rotation into software stocks while chip and memory stocks took a break. Gold also trended lower along with <a data-mention-id=\"BTC.USD.CC\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Bitcoin\" target=\"_blank\" href=\"https://ttm.financial/S/BTC.USD.CC\">$Bitcoin(BTC.USD.CC)$</a> as well. The 10 year is back above 5%. We need to see this back under 5% with oil lower to see stocks move back higher.</p>\n<p style=\"text-align: left;\">Tread lightly, we saw a huge bounce in 5 days. Let's see where the higher low prints. Good luck tmrw everyone!! 🫡</p></body></html>","htmlText":"<html><head></head><body><p style=\"text-align: left;\">There will be having a private Bilateral talk tomorrow at the Whitehouse. This event can cause volatility throughout the day depending on what happens. We saw <a data-mention-id=\".SPX\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" target=\"_blank\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> run 280 points and <a data-mention-id=\"QQQ\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" target=\"_blank\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> 48 points in 5 days. Best case scenario we see one more consolidation day before a bounce on Friday/Monday.</p>\n<p style=\"text-align: left;\">Either way you need to manage your risk until we see the market reaction to the meeting. SPX if it fails at 7700 avoid calls. If <a data-mention-id=\"QQQ\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" target=\"_blank\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> fails at 738 let it drop as well.</p>\n<p style=\"text-align: left;\"><a data-mention-id=\"MU\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Micron Technology\" target=\"_blank\" href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$</a> and <a data-mention-id=\"SNDK\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"SanDisk Corp.\" target=\"_blank\" href=\"https://ttm.financial/S/SNDK\">$SanDisk Corp.(SNDK)$</a> showed no signs of strength the whole day. We nee dto see MU back above 1100 and <a data-mention-id=\"QQQ\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" target=\"_blank\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> above 1850 to see momentum to the upside.</p>\n<p style=\"text-align: left;\">We saw a rotation into software stocks while chip and memory stocks took a break. Gold also trended lower along with <a data-mention-id=\"BTC.USD.CC\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Bitcoin\" target=\"_blank\" href=\"https://ttm.financial/S/BTC.USD.CC\">$Bitcoin(BTC.USD.CC)$</a> as well. The 10 year is back above 5%. We need to see this back under 5% with oil lower to see stocks move back higher.</p>\n<p style=\"text-align: left;\">Tread lightly, we saw a huge bounce in 5 days. Let's see where the higher low prints. Good luck tmrw everyone!! 🫡</p></body></html>","text":"There will be having a private Bilateral talk tomorrow at the Whitehouse. This event can cause volatility throughout the day depending on what happens. We saw $S&P 500(.SPX)$ run 280 points and $Invesco QQQ(QQQ)$ 48 points in 5 days. Best case scenario we see one more consolidation day before a bounce on Friday/Monday. Either way you need to manage your risk until we see the market reaction to the meeting. SPX if it fails at 7700 avoid calls. If $Invesco QQQ(QQQ)$ fails at 738 let it drop as well. $Micron Technology(MU)$ and $SanDisk Corp.(SNDK)$ showed no signs of strength the whole day. We nee dto see MU back above 1100 and $Invesco QQQ(QQQ)$ above 1850 to see momentum to the upside. We saw a rotation into software stocks while chip and memory stocks took a break. Gold also trended lower along with $Bitcoin(BTC.USD.CC)$ as well. The 10 year is back above 5%. We need to see this back under 5% with oil lower to see stocks move back higher. Tread lightly, we saw a huge bounce in 5 days. Let's see where the higher low prints. Good luck tmrw everyone!! 🫡","highlighted":1,"essential":1,"paper":2,"likeSize":149,"commentSize":0,"repostSize":2,"favoriteSize":0,"link":"https://ttm.financial/post/611095239762168","repostId":0,"isVote":1,"tweetType":1,"viewCount":1052,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["QQQ",".SPX","BTC.USD.CC","SNDK","MU"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":878,"optionInvolvedFlag":true,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/611095239762168"}