Daily Plan 6.16.23
Good morning traders!
Tremendous session yesterday with NASDAQ producing over 300 handles in upside and Emini 91 handles. This puts total NASDAQ handles this week close to 1,000! Let’s jump into what was said in yesterdays Newsletter.
S&P500
For todays session, Emini needs to hold above 4350 for a reversal of this OVN sell from highs of 4377. We have a 10 handle LVN form 4345-55 which is what will be used as keep above for longs and drop below for shorts. IF price begins to chop at the LVN then this setup is invalidated. After FOMC we should see some direction out the gate. Note we are higher than when CPI was released which was clearly defended yesterday afternoon.
Above LVN can bring strong move up to 4427.
NASDAQ
Much stronger rally which has held OVN setting price for the open to be nearly unchanged from FOMC. That being said this is pointing up for another strong move higher. I see prices spiking up into 15100 as long as price can remain above this HVN 14880-14916.
Above 14880 can bring strong move up to 15100.
Both set exact lows at this LVN sparking monster rally not only in the indices but stocks as well.
MSFT 0.00%↑ clears 350 weekly target.
META 0.00%↑ 7 handles below target of 290.
NVDA 0.00%↑ 1st target 420 achieved for +45 handles, now breaking up to 2nd target 450.
Previous Day Recap
AAPL
[182.5 Calls 1.78 > 4.08]
TSLA
[252.5 Calls 4.5 > 8.3]
NVDA
[420 Calls 6.8 > 13.8]
MSFT
[337.5 Calls 2.37 > 12.05]
AMZN
[124 Calls 1.38 > 3.75]
AMD
[124 Puts 1.6 > 2.61]
GOOGL
[123 Calls 1 > 2.6]
META
[272.5 Calls 2.15 > 11.6]