TRADE PLAN for Tuesday 📈
Hello everyone! Today i want to share some trading strategies with you!
There's a high probability tomorrow will be another consolidation day before CPI data on Wednesday morning. DO NOT get caught up trading the chop. This is how you bleed out your account. IF $SPX fails to hold 7800 and $Invesco QQQ(QQQ)$ stays under 748 there's no reason to be aggressively trading the upside.
Wait for the reaction to CPI then execute. We're still seeing a rotation into $Meta Platforms, Inc.(META)$ $Microsoft(MSFT)$ $Alphabet(GOOGL)$ $Apple(AAPL)$ the past few days. Chip and memory stocks are still consolidating for now.
$Micron Technology(MU)$ broke 1000 $SanDisk Corp.(SNDK)$ couldn't hold above 1500 either.
The real move comes after FOMC on Oct 28th. Tread lightly until then 🫡
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