Welcome back everyone!
First, we will cover the recap for today's session then move on to tomorrow's analysis.
Earnings:
ORCL was a tremendous call for earnings as the price surged above my $135 target, resulting in over 300% gains on contracts. These targets are always posted in the earnings section of the newsletter.
AVGO posted earnings after the close today, blasting through my $1551 target posted two days ago. The stock rallied 200 points, bringing in over 400% gains on the 1550 strike contracts.
Now lets move on to the rest of the recap!
Indices:
The S&P 500 E-mini Futures session began with a strong upward movement, reaching the long level of 5,387, which triggered a long setup. The price continued to climb, hitting the high of 5,456.
The Nasdaq 100 E-mini Futures session showed significant activity around the long level of 19,266, triggering a long setup early in the session. The price continued to climb steadily, eventually reaching a high of 19,612.
Commodities:
The Light Crude Oil Futures session showed significant volatility, with the price dropping below the short level of 77.88, triggering a short setup. The price then attempted to recover but did not reach the long level of 78.98.
The Gold Futures session saw the price break above the long level of 2,337.70, though it fell short of reaching the long target. Subsequently, the price sold back down to the long level and then bounced nearly all the way back up to the long target, demonstrating significant volatility and respecting the predefined levels.
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