Market Plan for August 15th, 2023

Is Burry right? Should we go short?

Good evening traders,

Just as expected, we got a 40-point bounce today. We opened at the 4450 level and were unable to break below it. A few minutes later, we surged to 4470, then paused in the 4470 area before surging to 4490 and closing around there. This is exactly what we planned yesterday:

If 4450 holds, we are targeting 4470, and a possible runner to 4490.

I also made a video of a trade I took this morning:

Now, let’s make tomorrow’s plan: