TRADE PLAN for Wednesday π
Hello everyone! Today i want to share some trading ideas with you!
TRADE PLAN for Wednesday π
Another consolidation day today as expected before PCE data premarket tmrw + NVDA earnings after hours. SPX needs 7700 and $Invesco QQQ(QQQ)$ above 715 to trigger more bullish movement. Wait for these levels to align. If SPX fails to hold 7600 and QQQ breaks 700 after Jackson Hole we can see the market make a deeper correction.
$Robinhood(HOOD)$ closed up 8% today, it's been basing for almost a year. If it holds 100 into September we can see a push to 120-125 next. Calls can work above 110 this week.
$Micron Technology(MU)$ and $SanDisk Corp.(SNDK)$ still not ready yet, we need to see MU build a new base above 930 and $SanDisk Corp.(SNDK)$ base above 1500 to trigger more buyers.
Expect to see a volatile day on Thursday and Friday. Good luck everyone!! π«‘
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