TRADE PLAN for Tuesday 📈
$S&P 500(.SPX)$ is currently on week 6 of a consolidation from 7228-7620. Until we see above 7620 or under 7228, It's a quicker trade environment. For tomorrow if SPX gives up 7500 Avoid calls. SPX to 7438 in play if 7500 fails.
SPX July 15 7450P can work under 7500
$Invesco QQQ(QQQ)$ dropped 1.9% today. If QQQ fails to reclaim 712 tomorrow we can see another flush to 700. QQQ under 700 can Test the June lows at 686.
QQQ July 15 708P is best under 712
$Micron Technology(MU)$ and $SanDisk Corp.(SNDK)$ are still in a consolidation phase. Keep an eye on 821 for MU. if this level fails it can drop another 150-200 points. MU needs back above 1k to look more bullish.
Good luck tmrw everyone!! 🫡
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