TRADE PLAN for LOTTO Friday
Hello everyone! Today i want to share some trading strategies with you!
$S&P 500(.SPX)$ dropped 78 pts from ydays highs. The price action today was more bearish after 2 consecutive gap down days. IF SPX fails to reclaim 7800 tomorrow, It's risk off for the upside.
$Invesco QQQ(QQQ)$ also gave up the 748 support level as well. QQQ dropped from 757 to 743 intraday. If QQQ fails to reclaim 748 avoid calls for now.
$Micron Technology(MU)$ and $SanDisk Corp.(SNDK)$ both had no follow through day after yesterdays run. MU needs 1100+ and $SanDisk Corp.(SNDK)$ through 1700 to start looking at calls. Chip stocks also gave back alot of their gains as well.
$ARM Holdings(ARM)$ down 7%, $Advanced Micro Devices(AMD)$ down 4.3% as well
The market needs to see Oil and Treasury yields lower in order to see the market make a bigger rally. Tread lightly the next couple days.
Good luck everyone!! 🫡
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