Weekly Plan 7/21
Political turmoil and such
Hello traders,
Hope you had a great weekend.
Last week was an interesting one where Nasdaq had its worst day since 2022 and overall we saw a 1000pt downmove on NQ. ES also had a down week but it was not as deep red as the Nasdaq.
We were able to catch a lot of points last week, sharing some ideas here.
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Also this past week, we shorted the small cap rally and made decent coin on it.
This thread goes into detail.
Other than these options trades, we also did our regular rotational NQ and ES trades through the week per usual cadence.
And just this evening the long NQ at 742 idea went a 100 odd points in our favor.
For this week, after Biden stepping down from reelection, we could see some volatility.
For ES, the 5440-50 area looks like a decent buying opportunity and for NQ,