Market Plan for August 18th, 2023

Total collapse...

Good evening folks,

We experienced another day of bearish action. It seems to progress much faster than bullish action - we’ve dropped over 150 points in three days. We dropped to 4400 last night, then ran all the way up to 4422 before dropping all the way down to 4368. This is the nature of bear markets.

Chart:

Where does this leave us for tomorrow? Let’s make tomorrow’s plan: