Market Plan for February 15th, 2024
Buy the dip mode?
Good evening folks,
The market experienced a rough, choppy day as we attempted to retrace the CPI move. Many traps appeared the whole day on both sides. We ended retracing the entire CPI move by the end of the day, piercing SPX 5000, but it took a while and wasn’t clean.
In the High-Roller Room, we took one trade for a loss of 14 points. I didn’t take any more trades the rest of the day, and avoided the chop.
Now, it seems that bulls are back in control. Do bears have any chance to fight this? Here’s my plan for tomorrow: