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The full weekly plan and commentary should be reviewed ahead of this post and can be seen HERE.
The levels and plan from the NVDA 0.00%↑ and PLTR 0.00%↑ post last night are still valid for use tomorrow. NVDA saw that nasty sell off early so one had to be fast to catch the short. The first potential long didn’t set up but a second chance for an early long presented. Following the clearance of the 5-min re-offer at 121.43 a higher low was put in for a long opportunity.
PLTR 0.00%↑ was a bit tricky for new longs as it went false breakout, but then looked below and failed Friday’s VAL and broke back out. Many of us were already long, and I didn’t personally add today I just rolled up and out, but the second breakout held a back test and saw continuation higher. I still want $27.48 as long as 25.3-5 isn’t violated again.
Today’s plan was very straightforward with SPY 0.00%↑ and QQQ 0.00%↑ trading in a box. As we were trading toward the bottom of the box, our favored traded was a look below and fail for a long (also a weekly long setup from the weekly plan). This could not have set up more perfectly in the Discord as it played out as a look below and fail of the IB low (5.5 IB low and 4.5 low of day) as well. This long cleared 30+ handles.
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