Market Plan for August 30th, 2023
Is this the end of the pullback?
Good evening folks,
Bulls had an exceptional day. We opened near 4430, then proceeded to rally 70+ points to 4500. The market had a positive reaction to JOLTS at 10:00, after which we rallied the rest of the day with very little pullback.
We highlighted 4430 as a key level yesterday, and this level proved to be the launch pad that would send the market higher. I had no knowledge of what the results of JOLTS would be, I simply read supply & demand correctly and was able to profit from it.
Supply/demand levels today:
We’ve been in a pullback for the entire month. Did today’s move put an end to it?
Let’s make tomorrow’s plan: