TRADE PLAN for Thursday π
Hello everyone! Today i want to share some trading ideas with you!
TRADE PLAN for Thursday π
$S&P 500(.SPX)$ massive sell off after FOMC today. SPX dropped 130+ points from the highs. If SPX gives up 7300 we can see a drop to 7228,7200.
SPX July 31 7200P is best under 7300$Micron Technology(MU)$ to 651 in play, It couldn't hold above 800 today. The trend is still lower.. 651 is the buy zone leading into August.
$SanDisk Corp.(SNDK)$ 2350+ to 1000 so far on this downtrend. If SNDK can flush another 100 points towards 900 I would consider buying shares/calls for a swing trade.
$Invesco QQQ(QQQ)$ 680 to 663 into the close. QQQ to 659 next, If QQQ gives up 659 it can flush towards 650 next. Puts can work under 659 tomorrow.
Be careful trading the upside. The bottom isn't in yet. Good luck everyone!
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