Market Plan for January 30th, 2024

Dips are not allowed...

Good evening folks,

We had yet another green day, shattering last week’s highs and running to 4930. We chopped under 4900 for most of the morning, followed by an accumulation a little after noon. The market rallied strongly in the last two hours in an incredibly quick and strong move.

In the High-Roller Room, we completely avoided the morning chop and went long around 4900 for a net gain of 19 points:

This afternoon’s move put us in an awkward situation… where do we move next? How high can we go before FOMC? Here’s my plan: