Market Plan for December 21st, 2023
Are we buying that dip?
Good evening folks,
We had one of the most significant days of the month, and probably the year, as the market erased four days of rallying in a few hours. We opened in the morning with a rally from 4767 to 4787 (which we caught most of), followed by an enormous 80+ point drop. We all knew it was coming, we just didn’t know when. Now it’s here.
In the High-Roller Room, caught the morning run for around 12 points and exited at the top of the market. By the time the market dropped, we were in the middle of the move, so I didn’t chase it.
Now that we’ve dipped, we are in a new phase of market structure. I’m going to do an in-depth analysis of the market in this post, as well as my plan for tomorrow: