BY LICIA LESLIE
March 1, 2024
Hi Shoppers,
After our little mini pull back, I believe we are trading higher from here:
Here is the S&P Mini SPX (Ticker: XSP) chart.
We have a couple days of spinning tops which I think are gathering steam for our next leg higher.
According to the pitchfork XSP is going to $524.50.
Now, I don’t think that will happen today, but I do like going long the 510 calls for next Friday:
We don’t have the skew to sell an out of the money against these as the implied volatility goes lower further out.
So once you buy these, wait for a rally and sell a call five or even ten points out.
Trade Review
Apple (Ticker: AAPL) did not trade higher, it is still hugging that support level. Keep your eye on it as it will go one way or the other soon.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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