TRADE PLAN for Tuesday π
TRADE PLAN for Tuesday π
$S&P 500(.SPX)$ 100 pt intraday move from the highs to lows today. SPX managed to defend 7400 but we're already seeing lots of volatility before FOMC on Wednesday. If SPX can hold 7400 after FOMC we can see 7500 again. If 7400 fails, puts can work.
$ARM Holdings(ARM)$ earnings coming up on Wednesday, if there's a positive reaction.. ARM to 300 in play.
ARM July 31 300C can work above 2700
$Micron Technology(MU)$ keep an eye on 821 this week if it fails, MU to 650 possible on a panic sell.
$SanDisk Corp.(SNDK)$ to 1100 as well if we see a bigger dip. MU needs back through 1900 and SNDK above 1400 to start a rally to the upside.
Be patient and good luck this week everyone! π«‘
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