Market Plan for August 29th, 2023
Low volume = no action
Good evening folks,
Today was an incredibly low-volatility day, where we were stuck in a 20-point range the entire time. We opened right under 4430, went up to 4440, then dropped down to 4417. We repeated this process two more times.
Our target of 4430 hit overnight. Throughout the day, the 4440 level and 4417 level served as great levels to fade price movement.
When volatility comes back, who will have the advantage? Where do we go from here? Let’s make tomorrow’s plan and find out: