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Momo Market Roundup, 3/24/2022 — $SPY Dip And Rip… $TSLA Consolidation… $GME Gap Down Grind 

 March 24, 2022

By  spectre_trades

$SPY Dip And Rip

SPY gapped up slightly overnight. At the open we dipped right into our 445 level for an opportunity to get long. It made the move all the way from 445 to 449.5. 448C was 1.3 and moved to 3.2 at the HOD.

$TSLA Consolidation

TSLA is currently stuck in a little wedge and failed to hold our 1020 watchlist level during the open… a great short opportunity. It failed there and sold all the way down to test the other side of the wedge that it is in. A solid win for a day full of FED speakers. 1020P went from 22 to a high of 36 at the double bottom near 995!

$GME Gap Down Grind

GME gapped down a bit after all this recent action… but that couldn't stop it from recovering our 128 level and grinding higher all day. Eventually reaching our 140 level and stopping just a few points shy of 145. 135C went from 4 to a high of 10!

Two Hour Trader Student Results

Great patience on a choppy day!

spectre_trades


Momentum Trader. Technical Chart Analyst. Always on the hunt for 3x or better reward to risk.

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