Let’s start today with a look at the SPX daily chart.
On Wednesday, SPX closed with a dragonfly doji on the daily chart. The last time this happened was back on November 21, 2023 which preceded a nearly 250 point run over the next 19 trading days. A similar move here would have us testing that magical 5000 level. Just something to keep an eye on in the days ahead and a reminder that candlestick patterns do tell stories about the stock movements.
“King of Lotto Friday”
Tomorrow is LOTTO FRIDAY! My FAVORITE day of the week by far.
We all know this. Last Friday we had trades that went 460% and 550% "I find turds and turn them to gold”
You can make good money with very little capital used on Fridays, and that is ALWAYS my gameplan. Now, this week has been a whipsaw with price action. Elevated VIX has lead to increased volatility, and incredible price reversals the past 2 days.
Tomorrow is OPEX. Price action is traditionally tough, but with chips on fire this week tomorrow could be a different story…
Remember that lotto Friday is not to go full port and blow your week. It is to trade responsibly, make bank, and have fun. So here’s the goods for tomorrow:
LLY
LLY 0.00%↑ closed with a hammer candle on the daily. I like the upside on this one for tomorrow with a hold over that $620 level the 0dte 635c & 640c can work here.
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