Market Plan for December 1st, 2023

Fresh start to the month...

Good evening folks,

The market experienced another green day as we spent the entire morning making a significant low, then rallying heavily into the close. Shorts were squeezed. The market has now tested ~4570 for a fifth time.

The High-Roller Room had some interesting results. We got chopped a little from the action this morning, then made it back. The trades are: +14 pts (overnight), -6 pts, breakeven, -10 pts, -9 pts, +23 pts.

The end-of-day squeeze has many people asking: are we going to make new highs? Or was this the dying breath of the bull? Here’s what I think: