Market Plan for February 26th, 2024

Could this be the blow-off top?

Good evening folks,

We ended last Friday with a break above 5100 and made a high of 5111, after which we dropped to 5084 and chopped around for the rest of the day. This was expected after such a monumental move over the previous two days - we had a normal-sized range as both sides tried to process it.

In the High-Roller Room, we took two trades for a total gain of 18 points.

What’s in store for the week? Historically, this is a seasonally weak period and the market is in an overbought state. Will bulls be able to hold it up? Here’s my plan: