TRADE PLAN for Tuesday π
TRADE PLAN for Tuesday π
$S&P 500(.SPX)$ gapped up and tried to reclaim 7500 but failed again. The price action is still a bit bearish here after a 70+ pt reversal from the highs. If SPX gives up 7430 it can drop to 7400 next.
SPX July 22 7400P is best under 7430
$Invesco QQQ(QQQ)$ 2 days in a row it tried to reclaim 700 and also failed. If QQQ breaks under 693 it can test 686 again. QQQ under 686 can drop another 20+ points.
QQQ July 22 690P is best under 693
$Micron Technology(MU)$ stopped right at 900 this morning. Let's see if it can form a base above 821 leading into August. If MU fails at 821 we can see another flush to 651.
Good luck tmrw everyone!! π«‘
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