Market Plan for February 23rd, 2024

Any bears left?

Good evening folks,

We had a monumental day in the market as we rallied nearly 150 points in under 24 hours. This type of move would usually take a week, and it would need to be a very bullish week. We’ve almost brushed SPX 5100 from a low of 4947 Thursday afternoon.

The next question: do we drop sharply from here, or keep grinding higher? Here’s my plan: