Market Plan for January 3rd, 2023

Just a dip, or the start of the 2024 bear market?

Good evening folks,

The first trading day of the year was a slow one, as expected. We dropped over 40 points overnight to 4745, followed by a choppy session. Not a great environment to trade unless you were scalping.

In The High-Roller Room, we traded lightly today - neither side was favored. We only took one trade for a net gain of ~6 points.

There is a high degree of uncertainty from both sides as we enter the new year. How far will the bull market continue? Will we get a bear market/crash this year?

I like to take it one day at a time. Here’s my plan for tomorrow: