Friday's sell-off has set up a key week ahead, with NVDA earnings coming mid-week, anything is possible in either direction. What are the chances we will nail at least one triple digit option gain in all of the anticipated mayhem?
SPY Daily
That drop on the far left as a 10% Wave 4 decline from last July. The Fib extension tool is already suggesting a similar fate should key levels get taken out early next week.
SPY Hourly
On Friday we took initial positions in IWM puts and SQQQ calls anticipating just a continuation of Friday's action Monday and Tuesday. Something more than, "just a continuation," is possible and further positioning may be called for depending on the next two market sessions.
On the bullish side of the ledger, a few of our best ideas for 2025 may be available at what will be bargain basement prices should the right amount of panic set in. How soon and how low, yet to be determined.
BABA (Blue Line PRO Service)
Two weeks into a two-month trade; trailing stop locks in triple digit gains.