TRADE PLAN for Tuesday 📈
SPX tried to move red to green today but dropped almost 30 pts into the close. IF SPX can form a base above 7600 we can see a push to 7700+ after FOMC assuming there's a positive reaction. SPX under 7600 is more bearish this week. Avoid calls under this level.
$Invesco QQQ(QQQ)$ needs back near 715 to test 722+ by next week.
Even with the negative AI news, the market held up much better than most expected. If there's a positive reaction to FOMC on Wednesday, We should see a rotation back into Chip/AI stocks again.
$Meta Platforms, Inc.(META)$ closed up 17 today, META through 668 can push to 700+ by next week. Calls can work above 668 for tomorrow.
$SanDisk Corp.(SNDK)$ wait for 1600 for calls,
$Micron Technology(MU)$ needs back near 955-960 to start a rally higher. BE patient, We'll see a bigger move AFTER FOMC. 🫡
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