Market Plan for August 11th, 2023

Replace CPI with PPI

Good evening folks,

Today had something for everyone. CPI was evidently difficult to trade, but when we opened we had breakouts, breakdowns, and everything in between. Ultimately, we are still stuck in this 50-point range. I said in yesterday’s post that today would be too chaotic to predict, and it was indeed chaotic…

Chart:

Will we finally break out of our range tomorrow? Let’s create tomorrow’s plan and find out: