Market Plan for February 9th, 2024
Second day of slop
Good evening folks,
The market continued its sideways chop from yesterday. This was the second day in a row with few opportunities in the RTH session. We were stuck within a 15-point range for the entire day, attempting to break out to either side but failing multiple times.
In the High-Roller Room, we took one trade long for a small 5-point gain, which I’m still holding overnight.
Tomorrow’s Friday, when big moves tend to happen. Given that we’ve been consolidating over the past two days, is the market finally ready to rip (higher or lower)? Here’s my plan: