Trade Plan 3/29-4/1

*disclaimer: Not financial advise. This is my personal trade plan only. I am not qualified to advise anyone on their positions or trades, I am giving my personal opinions only. Always consult a professional for investment related advice and do your due dillegence*

Summary:
From Thursday morning to Friday afternoon, $ES_F bounced 120+ points out of the buy zone. Heading into this week, I expect a bit more upside early, followed by some chop/consolidation. Bulls want to see this consolidation hold above 3940 ideally, and certainly above 3906. In this time I will be looking for opportunities to position myself in April 9th calls for $PLTR $COTY $DKNG and $NIO.

$ES:

Looking for an early push into the 3975 range followed by a pullback. After some consolidation I expect a push to ATH as soon as Thursday (markets closed Friday).

NQ:

I expect NQ to out-perform ES this week, I believe the early push will be strong. After a test of 13,150 I will look for a pullback/consolidation before a push into the 13,300 area for wave 5 of 1.

$NIO Long Setup

NIO looks set for a great move up. I am already holding June calls, but I will be looking for a subwave 2 to enter 4/9 $37 calls.

DKNG Long Setup

I entered May calls today on $DKNG, and I am looking for a small pullback to enter 4/9 $65 calls. My stop loss/invalidation will be the swing low at $60.77 with a target of $66+

PLTR Long Setup:

PLTR is my favorite setup at the moment. It appears to be forming a gorgeous 1,2-1,2 formation and is looks very strong on the 15m chart (8+21 ema cross, MACD cross). I will enter on any pullback of .382 or greater, targeting $24. I will likely take 4/9 $23 calls. I’m willing to be a bit generous with my entry as this has the potential to run very quickly. I will also consider a trade on the breakout of $23 if the pullback for entry does not come.

This one is also a candidate for a swing trade in the 1k-100k challenge*

$COTY Long Setup