Market Plan for February 14th, 2024

Valentine's day...

Good evening folks,

The market’s reaction to CPI was a negative one, and we dropped over 50 points in a matter of minutes. We dropped a further 30 points during the session, which had low-quality price action. At the end of the day, we recovered some of the losses by rallying 30+ points.

In the High-Roller Room, I was looking to buy the dip this morning but timed it too early, resulting in a loss of 8 points and 3 points. Didn’t take any more trades the rest of the day to not be impulsive.

We experienced an unseen shift in sentiment today, with many who were previously bullish turning bearish. Are they justified? Let’s see what tomorrow looks like. Here’s my plan: