TRADE PLAN FOR TODAY

TRADE PLAN for Aug 6th 📈

The Nasdaq is gapping lower after $SNDK earnings. Memory and Chip stocks gapping lower this morning. $QQQ backtested an important support level near 712 early this morning. It dropped from 728 to 711. If 712 holds we can see a bounce towards 718-720. Calls can work near 712 for a bounce play.

$NVDA gapping up 2.5+ premarket, if it gets through 222 it can run to 228-230. Calls can work above 222 for today.

$SPX all about 7700 for today, if it fails to hold this level it can drop back to 7620 again by early next week. Id stay bullish as long as 7700 holds.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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