Market Plan for December 5th, 2023
Well, this is bizarre
Good evening folks,
The market continued to shock everyone as it dropped suddenly in the premarket, then continued dropping in the morning. The market dropped from a high of 4597 to a low of 4547 - about 50 points, before bouncing from the middle of the range and closing at 4567. The unexpected move on both sides chopped many.
It isn’t easy to see any direction out of this - but there are a few good setups we can find if we look deeper. Here’s my plan: