Market Plan for February 6th, 2024

Just when you thought it couldn't get uglier...

Good evening folks,

The market had another dip-buying day as it attempted to mimic Friday’s action. We experienced a nearly 40-point drop from news at 10:00 before basing around 4920 and rallying for the rest of the day to ~4950, near where it opened.

In the High-Roller Room, we entered near today’s low and rode the move up. No overtrading, no anxiety, simply riding the wave and being patient.

Tomorrow’s action might be ugly. I have a feeling many will get chopped. Here’s my plan to stay out of that: