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Weekly outlook (12-18-2023)

Weak post opex week
5

SPY:

12-18-2023 possible path for scalping

  1. We could open flat in the markets and pullback to 466 before trying to fill the upside gap to 472. Once we get to 472, I am looking to short this week for a test of 462.

  2. Or we could open flat first test the 472 upside gap and then get sold off.

Weekly plan for DIA:

Short below 370.95 for a target of 367

QQQ: weekly plan

Looking to buy the dip for Santa rally. I would prefer to buy closer to 398

In terms of stocks:

I am short BA. Long ZIM.

AMZN, TSLA are the most interesting Mag-7 names on the long side.

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Disclaimer: This is my trading plan on the indices. This is intended to be for educational and informational purposes only. Trading is risky and loss of capital is possible. Do your diligence. In trading, there are no guarantees. So please be careful risking capital. You are responsible for your money, capital, and trades.

Also if you have any questions about my trades you can DM me on Twitter at @archna2011

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