The Tradewriter Report

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The Tradewriter Report
Market Plan for January 10th, 2024
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Market Plan for January 10th, 2024

The squeeze isn't done yet...

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Tradewriter
Jan 10, 2024
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The Tradewriter Report
The Tradewriter Report
Market Plan for January 10th, 2024
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Good evening folks,

Bulls had another squeeze day as we rallied over 30 points intraday, although this one was more choppy - it was a red indecision day on the daily chart. This is what was likely to happen, as I stated in yesterday’s post:

Moving forward, it’s unlikely that we see under 4700 anytime soon.

Trend days like this are major changes in market structure - they’re not something minor to avoid. The most common move after days like these are range/indecision days. The next most common move is a continuation.

In the High-Roller Room, we profited nicely once again for a net gain of 20 points, capturing most of the move long for the day.

Do we continue ripping higher, or is it finally time for a pullback? Here’s my plan:

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