TRADE PLAN for Wednesday π
TRADE PLAN for Wednesday π
$S&P 500(.SPX)$ much weaker today compared to $Invesco QQQ(QQQ)$. SPX closed the day -45 with QQQ almost flat. SPX failed to hold the 7700 support level. It's a risk off for the upside as long as SPX stays under 7700.
$Micron Technology(MU)$ gapped up and touched 1040 but dropped to 1000 by the close. MU need t o defend the 1k support level otherwise it can drop another 20-30 pts again.
$Robinhood(HOOD)$ if it holds near 116 over the next 2 days I'd start looking at calls again for a move back up to 125. We need to see BTC back above 80k to trade calls again in $Strategy(MSTR)$ $Robinhood(HOOD)$.
The price action today was more bearish after the bigger reversals lower we saw in Tech/Chip stocks. Be careful tomorrow. Good luck everyone!! π«‘
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