Market Plan for April 23rd, 2024

Bull trap?

Good evening folks,

The market had a surprise short squeeze today, rallying over 50 points from the low. We had a bear trap in the morning that tested a key support level, followed by a major bounce that lasted the rest of the day. We gave back some of that bounce before the close. We took no trades in the room today.

Was this just a bull trap, or is the bottom? Here’s my plan: