It was an action-packed week for the market. We had Options Expiration (OPEX) on Friday, and Federal Reserve Chairman Jerome Powell spoke.
On Wednesday, I took a call debit spread with my Compounding Growth Mastery members on NFLX (Netflix). The next day Netflix’s daily squeeze fired and gapped up, causing a big push into Thursday’s trading session. We cashed out for a 60% return!
The question heading into next week is, will the S&P 500 finally break out of its squeezes? Although we had OPEX, the bulls still have all the ammunition to get the job done for the SPX.