TRADE PLAN for Oct 20th 📈

Gap down today after a gap up into Monday...

$Invesco QQQ(QQQ)$ is already down from 724 to 712.. if 707 breaks.. 700 can come fast.. There's still lots of weakness in Chip and memory stocks..

$Micron Technology(MU)$ down 24, $SanDisk Corp.(SNDK)$ down 43 premarket, AMD down 11... If these 3 continue to show relative weakness, the market will continue to struggle. $SPX to 7620 in play as well, if 7620 fails before FOMC we can see 7500 next.

$Meta Platforms, Inc.(META)$ earnings are coming up tomorrow after hours. We can see another sell off in tech if there's a negative reaction. The buy zone for $Invesco QQQ(QQQ)$ is near 685-693 and for $SPX it will be under 7500. Be patient and wait for the price action to look better. We're not there yet.

Good luck today everyone!! 🫡

Options Hub

Welcome to Tiger Options Hub! Here you may talk and learn about all things on options trading!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":620644886655128,"tweetId":"620644886655128","gmtCreate":1792551340536,"gmtModify":1792551621573,"author":{"id":10000000000010920,"idStr":"10000000000010921","authorId":10000000000010920,"authorIdStr":"10000000000010921","name":"EliteOptionsTrader","avatar":"https://community-static.tradeup.com/news/5a78e8ff8100616ecc6724330507917f","vip":8,"userType":8,"introduction":".\n","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":881,"starInvestorFlag":false},"themes":[{"themeId":"6e1c80e1b0c649e4b4472938cebd4ac0","categoryId":"997e3653d17d4f86ac5ca7a2c649ef17","name":"Options Hub","type":0,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/detail&rndata={\"themeId\":6e1c80e1b0c649e4b4472938cebd4ac0}&rnconfig={\"headerBarHidden\": true}","description":"Welcome to Tiger Options Hub!\nHere you may talk and learn about all things on options trading!","image":"https://community-static.tradeup.com/news/ff0f1a617c615bc3d55c60d687ac808a"}],"images":[],"coverImages":[],"title":"TRADE PLAN for Oct 20th 📈","html":"<html><head></head><body>Gap down today after a gap up into Monday...\n<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> is already down from 724 to 712.. if 707 breaks.. 700 can come fast.. There's still lots of weakness in Chip and memory stocks..\n<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> down 24, <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> down 43 premarket, AMD down 11... If these 3 continue to show relative weakness, the market will continue to struggle. $SPX to 7620 in play as well, if 7620 fails before FOMC we can see 7500 next.\n<a data-mention-id=\"META\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Meta Platforms, Inc.\" target=\"_blank\" href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$</a> earnings are coming up tomorrow after hours. We can see another sell off in tech if there's a negative reaction. The buy zone for <a data-mention-id=\"QQQ\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" target=\"_blank\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> is near 685-693 and for $SPX it will be under 7500. Be patient and wait for the price action to look better. We're not there yet.\nGood luck today everyone!! 🫡</body></html>","htmlText":"<html><head></head><body>Gap down today after a gap up into Monday...\n<a data-mention-id=\"QQQ\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" target=\"_blank\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> is already down from 724 to 712.. if 707 breaks.. 700 can come fast.. There's still lots of weakness in Chip and memory stocks..\n<a data-mention-id=\"MU\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Micron Technology\" target=\"_blank\" href=\"https://ttm.financial/S/MU\">$Micron Technology(MU)$</a> down 24, <a data-mention-id=\"SNDK\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"SanDisk Corp.\" target=\"_blank\" href=\"https://ttm.financial/S/SNDK\">$SanDisk Corp.(SNDK)$</a> down 43 premarket, AMD down 11... If these 3 continue to show relative weakness, the market will continue to struggle. $SPX to 7620 in play as well, if 7620 fails before FOMC we can see 7500 next.\n<a data-mention-id=\"META\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Meta Platforms, Inc.\" target=\"_blank\" href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$</a> earnings are coming up tomorrow after hours. We can see another sell off in tech if there's a negative reaction. The buy zone for <a data-mention-id=\"QQQ\" rel=\"noopener noreferrer\" class=\"teditor-mention\" data-mention-name=\"Invesco QQQ\" target=\"_blank\" href=\"https://ttm.financial/S/QQQ\">$Invesco QQQ(QQQ)$</a> is near 685-693 and for $SPX it will be under 7500. Be patient and wait for the price action to look better. We're not there yet.\nGood luck today everyone!! 🫡</body></html>","text":"Gap down today after a gap up into Monday... $Invesco QQQ(QQQ)$ is already down from 724 to 712.. if 707 breaks.. 700 can come fast.. There's still lots of weakness in Chip and memory stocks.. $Micron Technology(MU)$ down 24, $SanDisk Corp.(SNDK)$ down 43 premarket, AMD down 11... If these 3 continue to show relative weakness, the market will continue to struggle. $SPX to 7620 in play as well, if 7620 fails before FOMC we can see 7500 next. $Meta Platforms, Inc.(META)$ earnings are coming up tomorrow after hours. We can see another sell off in tech if there's a negative reaction. The buy zone for $Invesco QQQ(QQQ)$ is near 685-693 and for $SPX it will be under 7500. Be patient and wait for the price action to look better. We're not there yet. Good luck today everyone!! 🫡","highlighted":1,"essential":1,"paper":2,"likeSize":26,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/620644886655128","repostId":0,"isVote":1,"tweetType":1,"viewCount":1122,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["META","QQQ","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":645,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/620644886655128"}