Red, White & Bruised
This week should be about GDP prints and PCE data, or maybe the Fed FOMC minutes dropping Wednesday — you know, actual market-moving economic input. But instead, Wall Street’s once again acting like a battered spouse waiting to see which version of Trump walks through the door.
On Friday, he popped off about nuking the EU with 50% tariffs, like he was hopped up on Sudafed and Bruce Springsteen songs. Now here we are Sunday night and suddenly it’s all “never mind, we’ll wait until July 9” — like that makes it rational. He flips from economic arsonist to trade (hostage) negotiator depending on how sweaty his spray tan gets under the lights.
It’s ridiculous, but it’s reality — his mouth still moves markets, no matter how impulsive or incoherent the outburst. The market still reacts to this walking mood swing, and traders need to stay strapped. Don’t get caught fading the noise if the tape starts moving because of something he rage-posted during his fiber supplement cycle.
While the sideshow runs its course, pay attention the real show in PRIME TIME. I’m locked in on what actually pays: clean setups, high-probability trades, and sharp execution. This week’s stack is loaded with charts and actionable ideas, plus over a dozen bonus setups built to compound if you know how to ride the wave.
Clowns perform. I profit.
The market is closed tomorrow. Celebrate, and then get set for the shortened trading week ahead. Let’s get it.
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dash/Dot Blue line = Price Targets
Orange Dash/Dot line = POC (Point Of Control)
Purple line = Dark Pool
Blue Boxes = Demand Zones
Red Boxes = Supply Zones
Price targets are not the same as option strikes.
Price targets are where I believe the chart can/will go.
The strikes I suggest are what I think provide the best risk/reward to make money.
Let’s BANK!
LLY
LLY 0.00%↑ daily consolidating within this descending triangle formation. Printed a morning star candle on Friday while holding the lower trendline. There is a large daily gap above, but that is $140 or so from where we are now. This is a pretty simple setup with the trendline needing to hold for a bounce. A $50 move in a week is nothing for this name. Here’s what I’ve got dialed up.
Calls over $717.00
740c & 750c on watch
PRIME STYLE: 770c
Puts under $709.00
690p & 680p on watch to the downside
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