Good morning everyone, and congrats to everyone who caught last week’s monster trades! HOOD hit for over 26% in seven days, and TEM put up over 30% in the same amount of time.
U.S. equity markets sold off sharply last Friday again, and futures are also currently down. We are setting up a possible double bottom on the S&P 500 that could lead to a massive bounce if it holds. If we breach the previous low from early March, then things could get even worse before the bounce. The level we need to hold is 5,500!
Check out this week’s trade ideas.