Market Plan for December 19th, 2023
Is that all they got?
Good evening folks,
The market had yet another green day (eight in a row now) and had a decent close. We opened at 4735, then rallied 10 points to 4745 - a strong resistance. We faced an initial pullback from 4745 before bulls melted through and shot to 4759. The rest of the day was a low-quality range (that we stayed out of) before an end-of-day drop to 4745.
In the High-Roller Room, we scaled in long at the 4740-4745 area and scaled out at the 4754-4759 area, leading to a gain of 10-15 points. Many got caught in the intraday chop, but we simply followed the system and ended in profit with no headache.
Get access to The High-Roller Room here: https://whop.com/the-high-roller-room/
Are we finally marking the top? Do we surpass all-time highs? Here’s my plan: