That was a roller-coaster ride, and a wild one.
After the FOMC meeting the markets took a dive, just like last meeting.
Here are today’s trades:
- I bought $NVDA at 139.46 and sold at 141.
I also called out $MSFT short at 227.33 in the morning note and in the trading room. The target was 226.06, and it kept going lower.
I booked one loser today:
- I bought $ABNB at 99.95 and sold at 99.50.
The indices were down over 2% today. We’ve broken major support levels. The next support is $SPX 3,757, then 3,736.
Now, where do we go from here?
This is the type of market you need to take one day at a time.
We’ll see you live tomorrow’s open to start the trading day.
All Star Charts Team