TRADE PLAN for Tuesday 🔥
$S&P 500(.SPX)$ gapped up 50+ points, touched 7466 and faded back to 7400 intraday. If SPX gives up 7400 tomorrow we can see another 40-50 pt drop.
SPX June 9th 7360P is best under 7400
$Micron Technology(MU)$ unless it can close above 960 on a daily candle, it can drop back to 900 again. MU under 900 can drop 50 more points. I'd wait for 960 for calls
MU June 12 850P is best under 920
$Invesco QQQ(QQQ)$ all about 712 this week, if this level fails.. 700 can come quickly. QQQ needs a daily candle close above 722 to look more bullish.
QQQ June 12 708P is best under 712.
After the massive sell off on Friday, it's a risk off environment until SPX gets through 7500 and QQQ above 722. Good luck tmrw everyone!! 🫡
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