Market Clubhouse Morning Memo - June 16th, 2023 (Trade Strategy For SPY, QQQ, AAPL, TSLA, MSFT, And NVDA)
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Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, TSLA, MSFT, and NVDA, providing price levels and potential breakouts or reversals. The memo highlights the Quadruple Witching session, which may cause increased market activity and volatility.
June 16, 2023 | 2:27 pm
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NEUTRAL IMPACT
AAPL is tracking a potential breakout above 186.52, with an upward target of 190. If the rally slows, downside targets include 185.53, 184.96, and 184.59.
AAPL's price movement will depend on the market's reaction to the Quadruple Witching session. If the rally continues, bullish targets are possible, but if the rally slows, downside targets are expected.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is tracking support levels at 349.67 and 347.85, with potential rally towards 355 and 360. If support fails, bearish targets include 343.68 and 340.36.
MSFT's price movement will depend on the market's reaction to the Quadruple Witching session. If support holds, bullish targets are possible, but if support fails, bearish targets are expected.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is monitoring support above 434, with upward targets at 440, 445, and 450. If the rally concludes, downside targets include 425.92 and 421.35.
NVDA's price movement will depend on the market's reaction to the Quadruple Witching session. If support holds, bullish targets are possible, but if the rally concludes, downside targets are expected.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is poised for an upward breakout above 371.96, with bullish targets at 373.82 and 375.18. If the market trends downwards, bearish targets include 366.69 and 363.23.
QQQ's price movement will depend on the market's reaction to the Quadruple Witching session. If the market trends upwards, bullish targets are possible, but if the market trends downwards, bearish targets are expected.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY maintains support above 441.06, with potential bullish targets at 445.08 and 446.31. If support is breached, bearish targets include 438.78, 437.02, and 435.59.
SPY's price movement will depend on the market's reaction to the Quadruple Witching session. If support holds, bullish targets are possible, but if support is breached, bearish targets are expected.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is focusing on 257.56 as potential support, with an upward target of 262.88. If support fails, bearish targets include 254.28, 252.38, and 248.37.
TSLA's price movement will depend on the market's reaction to the Quadruple Witching session. If support holds, bullish targets are possible, but if support fails, bearish targets are expected.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100