Option Strategies: .SPX& META
Hello everyone! Today i want to share some trading analysis with you!
1.
$Meta Platforms, Inc.(META)$ is getting ready for a move towards 600 before earnings on April 30th. If we see The Mag 7 start a bounce this week, META can lead the move. If you want to grow your account this week, read my plan below 👇
Trigger: META at 543 ✅
Trade idea: META April 17 460C
Targets: 555,569 🎯
META has dropped from 740 to 481 the past 2 months. That marks a 35% drop in a short period of time. We started to see signs of a bottom after defending 500 last week. IF META holds a higher low above 533 this week we can see 569-588 in the next 2 weeks. Id stay bullish on META above 533.
2.
The big question is... Is the bottom in? OR is this just a dead cat bounce?
$S&P 500(.SPX)$ touched right near the 2022 highs at 4818 which marked the top for 2 years. SPX dropped 21% to reach this critical support level. If SPX can defend 4818 through earnings seasons and tariff headlines over the next 4 weeks, The bottom should be in. If 4818 breaks you'll see one more dip to 4600.
The BIG indicator to see more risk on in the market is BITCOIN. If #bitcoin reclaim 90k You'll see more money flow into risk assets. Retail will jump back into stocks and you'll see crypto markets pump higher.
When there is blood in the streets and fear mongering. This is when you BUY for the long term. Focus on high quality undervalued stocks and that's how you build wealth over time.
Good luck the next few weeks everyone, exciting times ahead.. The future looks bright!!!
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