TRADE PLAN for Oct 14th ✅
TRADE PLAN for Oct 14th ✅
CPI data came in hotter than expected and Rate hike odds increased to 33% from 21%. $SPX will open up under 7800 and $Invesco QQQ(QQQ)$ is down 5 premarket. if QQQ sells off today 734 in play, $SPX to 7750 if it can't reclaim 7800.
We need to see if SPX and QQQ can move red to green otherwise it's a risk off environment for now.
$Advanced Micro Devices(AMD)$ needs back above 600 to consider calls.
$SanDisk Corp.(SNDK)$ through 1500 and $Micron Technology(MU)$ above 955 today would look more bullish as well.
I would be more careful until we see the leaders from yesterday push higher today.
Good luck everyone!! 🫡
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