Option Strategies: .SPX, QQQ, GOLD& TSLA

EliteOptionsTrader
10-28

1.

TRADE PLAN for Oct 28th 📈

$S&P 500(.SPX)$ 7000 inbound if there's a positive reaction to FOMC/Powell tomorrow. I'd be more careful with position sizing as we approach FOMC.

$Invesco QQQ(QQQ)$ every dip continues to be bought up since it go through 600. QQQ to 635-640 possible by next week if there's a positive reaction to tech earnings and FOMC. Calls can work above 630

$Barrick Gold Corp(GOLD)$ - 11% pullback in the past 6 days. If /GC can defend 3900 we should see a bounce to 4000-4050 range in the next 2 weeks.

Good luck and be patient everyone, Most likely we see a bigger move in the market Thursday/Friday 🫡

2.

$Tesla Motors(TSLA)$ near 460... if it gets through it can test 471 then 488... TSLA to 488-500 should come in November

$S&P 500(.SPX)$ $Invesco QQQ(QQQ)$ just in a range so far today, most likely we see more momentum AFTER FOMC.

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