Market Plan for January 24th, 2024

SPX 4900?

Good evening folks,

The market had another slow day as neither side was able to do anything of significance. Bulls made new highs, breaking 4870 and climbing a few points higher. Price action was choppy for 90% of the day and was to simply be ignored.

In the High-Roller Room, today was once again a no-trade day. The dip this afternoon was buyable, but it didn’t fit my criteria. Therefore, no trades.

It seems like we’re hitting a climactic point. The market has been consolidating for the past two days - is a breakout next? Here’s my plan: