TRADE PLAN for Wednesday π
TRADE PLAN for Wednesday π
$S&P 500(.SPX)$ tried to move back near 7400 intraday but faded 30 points lower into the close. All eyes on
$NVIDIA(NVDA)$ earnings after hours tmrw. Most likely another consolidation day from 7330-7400 tmrw. BE PATIENT.
$Micron Technology(MU)$ 70 pt rally from 652 but faded 30 points from the highs. IF MU can form a base above 700 by Thursday we can see a push back to 750, under 700 still bearish this week.
MU May 22 750C can work above 700 as a lotto, MU May 22 600P is best under 650
$NVIDIA(NVDA)$ 18 pt move priced in for this earnings. NVDA to 240 in play if there's a positive reaction. The market has pulled back for 3 days, lets see if NVDA can break this downtrend.
Most likely we see easier trading conditions on Thursday. Good luck tmrw everyone! π«‘
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