Market Plan for February 29th, 2024

Sellers picking up steam...

Good evening folks,

We had a choppy day as the market attempted to break out on both sides multiple times but failed each one. The result was tons of chop. We spent most of the day in a 20-point range between 5060 and 5080.

In the High-Roller Room, we went long twice before getting stopped at breakeven.

After today’s bull flag rejection, are sellers finally in control? Or is this yet another bull trap? Here’s my plan: