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Momo Market Roundup, 5/24/2022 — $SPY Recovers Morning Loss… $ZM Earnings… $AMZN Low Risk Entry 

 May 24, 2022

By  spectre_trades

$SPY Recovers Morning Loss

SPY had a nice rangy day today. We initially gapped down into the overnight session and the selling continued at the open. However it neared 386 level by about a dollar and changed course. Ending the day with a nice short squeeze. We will be keeping an eye on the 395 level in the overnight session and tomorrow. If you grabbed 390C on the higher low risking vs LOD you made a nice stack of coins. They went from 2.5 to a high of 6 at our 395 level.

$ZM Earnings

ZM had earnings after close yesterday… and price was everywhere. Initially having a huge push up and selling off completely in the afterhours session. This morning we had a nice opp for a short… and then a potential long as well. It popped into the 95 area for a low risk short… and then reclaimed our 89 level for a low risk long vs LOD. Both great risk reward opportunities. 90P did 100% from 2.6 to 5.2.. And 90C did 4 bucks to 8. Great stuff.

$AMZN Low Risk Entry

AMZN had a great low risk short entry in the morning. It pushed up into previous support which is now going to be resistance. Our 2105 level offered great risk reward. 2050P from 30 to a high of 65.

Two Hour Trader Student Results

Looks like some momentum growth on our accounts!

spectre_trades


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

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