Market Plan for February 28th, 2024

Bulls are back for more

Good evening folks,

Today had two-sided action and plenty of opportunity on both sides. Price action was sloppy for the first half of the day and slid downward. Around 1 pm, we started to see some bullish action pick up, resulting in a quick and sharp squeeze, bringing us from 5058 to 5083, above the morning’s open at 5080.

In the High-Roller Room, we went long near the low and rode it for the entire afternoon, resulting in a gain of +17 points:

Does the downtrend resume tomorrow, or was this simply a great dip-buying opportunity? Here’s my plan: