Market Plan for January 29th, 2024

Big week ahead...

Good evening folks,

Friday ended up being another chop day with no significant structure added to the market and no significant level breaks. We attempted to make new highs but we instead made a type of “double top” pattern with two rejections at 4907.

In the High-Roller Room, we took two small trades, losing a total of 6 points. They were two high-risk/reward trades where we risked small due to choppy conditions.

This week has tons of catalysts to cause a huge, one-directional move. There will be lots of gains and even more pain. Here’s my plan for tomorrow: