Market Plan for December 11th, 2023

The chaos begins...

Good evening folks,

We’re beginning one of the most climactic and chaotic weeks of the year. We have CPI and FOMC back-to-back this week, along with a few other events. Many accounts will be blown.

Friday was a strong green day as we broke out of our week-long range to the upside. We capture the short setup in the morning and the long setup at the open:

In Saturday’s weekly outlook, I assessed what the week could look like with possible swing setups:

These projections could look vastly different due to volatility. I think the only surprise this week would be not having some type of large, volatile move. As I said in Saturday’s post, we will not be trading FOMC or CPI. We will be trading the reaction to FOMC and CPI. This week will affect the market for months to come. Here’s how I plan to trade it: