XLK Crossover Idea

Updated

Standard crossover idea:

Buying at open so long as we open or push above yesterdays close.
Looking at an Oct contract

Oct18 215c for roughly 9.7 (I'll try to buy at the mid)

Using the ATR of 5.7 -

SL: 215.89 (just below YLOD and 100d SMA)
TP1: 227.37 resistance
TP2: 232.17 supply zone test
TP3: 238.12 ATH's test

Max Date: Market open of 9/25/24

**As always, if targets are not met by max date, I will exit full no matter the p/l.

Also keep in mind that there are certainly more catalysts ahead next week with the rate decision.

Trade active

I never marked this as active but it is

D_Rockefeller

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