Market Plan for February 7th, 2024

Crash imminent... but which way?

Good evening folks,

It was a difficult day in the market as we chopped around for the entire day, attempting to break on either side multiple times but not getting a result in either direction. We stayed in a tight 20-point range of 4935 to 4955.

In the High-Roller Room, we took no trades today as conditions were not met. The market was exceptionally rough and non-directional. There were no good trades to take, so it wasn’t worth our time.

Now that the market’s been ranging for a while, where does the next leg take us? Here’s my plan: