Market Plan for August 24th, 2023
One of the biggest bear traps...
Good evening folks,
In a shocking turn of events, bulls took control today and the market rallied a tremendous 70 points, from bottom to top. We opened at 4400 after the market bounced cleanly from our 4389 level. Throughout the whole day, the market kept rallying higher, going all the way up to 4467 by market close.
Chart (notice the accurate 4389 touch at 8:25):
Now, let’s make tomorrow’s plan: