Market Plan for December 28th, 2023

Double top?

Good evening folks,

We had yet another day of the market pushing higher. We are not a few points from SPX 4800, a major milestone for bulls. We spent the entire day chopping around the 4780s until we broke above the range and shot up 10 points in the last few minutes of the session.

In the High-Roller Room, we simply kept our long from yesterday and rode out the chop. It’s a few points away from getting hit - as of now.

As we’re nearing 4800 now, do we break it and run to all-time highs (20 points above) or form a double top and start the descent? Here’s my plan: