TRADE PLAN for April 21st
$SPX most likely another consolidation day if it fails to get through 6145. I'd wait for these to go long this week. If SPX breaks 7100 avoid calls.
Posts by EliteOptionsTrader
$AMZN 258 blue sky breakout territory. AMZN gapping higher on Anthropic news. Calls can work above 258 this week. 300 for AMZN in play this summer.
$NVDA possible we see 250 if it gets through 212 by May. Calls can work above 200 this week.
Good luck everyone!! π
How to Trade $NVDA's 9 Month
Consolidation Breakout π
Nvidia has been consolidating under 202 the last 9 months and looks like it's finally ready to breakout. IF ΕNVDA breaks 202 can see a push to 225 very quickly.
The Trade Plan π
$NVDA 5/15 210C
$NVDA above 202 with $SPX 7055
break
Take Profits at: 1/2 at 213, 1/4 217, All Out 225
The last time $NVDA consolidated for this long was May'23-Jan24. $NVDA then broke out of the 50 key rejection level in Jan'24 and ran for 6 months netting a 200% return JUST ON SHARES!
$SMH is also leading the market higher breaking ATH's last week. If this trend continues $NVDA will be the next up to continue the rally.
Price Target by the end of 2026 is 300!
Trading is weird.
I felt lost for a while.
With no idea what I was doing.
Then one day the pieces fell into place.
The levels made sense.
The patience came too.
And one good month wiped out years of losses.
That's the game.
Stay in it long enough to see.
TRADE PLAN for Tuesday π
$SPX had a consolidation today after failing to get through 7145. It's possible we see 1-2 more days like this if SPX fails to defend 7100. SPX to 7200 still in play as long as 7k holds.
We've seen a massive run in SPX in 3 weeks so need be morepatient now as SPX sets up again for the upside. SPX April 23 7200C can work above 7145
$NVDA wants to test all time highs at 212 after a 1.5 yearconsolidation. Once NVDA gets through 212.. 250 comes FAST. NVDA May 22 210C can work above 200
$AMZN gapping higher afters hours on Anthropic news. AMZN All time high at 258 coming next. If it gets through this level we'll see the next leg higher to 300.
AMZN May 29 270C is best above 258
Good luck and be patient tomorrow everyone. Unless we see SPX and QQQ get through Fridays highs, can't get aggressive trading these 2 names. π«‘
Would you rather
1) need 10 years to become profitable?
2) work on someone else's dream for 40 years?
The best traders I know are completely obsessed with personal development.
Leveling up is basically all they can think about.
Shanghai for the week. π π¨π³
TRADE PLAN for Monday π
$SPX futures already recovering from Sunday night lows.. If SPX can continue to base above 7000 into May we can see 7700 this summer. Calls can work above 7100 for today.
$TSLA if it moves red to green and reclaims 400, TSLA to 414 in play before earnings. Earnings coming up on Wednesday.
$BTC needs to get through 80k to set up for 84k,90k next. $MSTR letβs see if it moves red to green along with BTC to set up for 185-190 this week.
$MU wait for the 471 breakout level. Once it gets through.. 500 comes quickly. Be patient for now.
Good luck today everyone!! π«‘
Elite Options TRADE IDEAS for week of April 24th π₯
$MU 4/24 490C at 471| π― 490,500 SL 460
$TSLA 4/24 430C at 400| π― 424, 436 No SL
$SPX 4/22 7180C at 7100 | π― 7172, 7200 SL 7055
$SPX 4/22 6900P at 7000| π― 6921, 6900 SL 7055
$SPX TRADE PLAN ππ
SPX bullish plan: SPX at 7100 | SPX
Apr 22 7180C π
T: 7172, 7200 SL 7055
SPX bearish plan: SPX under 7000 | SPX Apr 22 6900P π
T: 6921, 6900 SL 7055
SPX ran from 6887 to 7147 this past week.
As long as SPX holds 7000, we should continue to see an uptrend towards 7700 this year.
If we see a gap down Monday morning, it'd be best to see a higher low above 7055.
We don't want to see a 140-point pullback this quickly after breaking out last week.
$MU Trade Idea: April 24 490C
Trigger: 471 β
Targets: 490, 500 π―
Stop: 460 π΄
MU moved from 426 to 470 last week.
Once MU can get through 471, we should see 500-512 next.
The price action can be more choppy from 442-471 for now.
Be patient as MU trades in this range.
$TSLA Trade Idea: April 24 410C
Trigger: 400 β
Targets: 424, 436 π―
Stop: No SL π΄
TSLA moved from 336 to 409 the past two weeks.
If TSLA can form a higher low above 383, it can move back to 436 on the next leg higher.
If there's a gap down on Monday and TSLA can hold above 383, I'd consider calls in the 383-390 range.
Calls can also work above 400.
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$SPX and $QQQ JUST printed new
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90% of people never buy the bottom when it finally comes.
Too much fear, panic, and hesitation.
Nobody ever wants to buy when the market is breaking out either.
"It's up too much" "It's overvalued" "It has to pull back"
Do you see the pattern here?
Most people only buy when they feel comfortable. Just like in real life you can't grow in the comfort zone.
The absolute best trades feel scary. They almost feel wrong. These are the types of trades that can 10x your account.
The market isn't random. It has a memory.
Price remembers every level where a key reaction happened:
β’ Where it sold off
β’ Where it reversed
β’ Where institutions entered
That's all support and resistance is.
The market's memory.
Learn to read it and the chart starts making sense.
This was truly a life changing week for so many people.
Thank you for all the DM's.
$SPX and $QQQ printed new all time highs.