Market Plan for January 8th, 2024
The beginning of the year-long range...
Good evening folks,
Hope you all enjoyed your weekend. We ended Friday with a climactic move - the market had an initial bearish reaction (dipping right into key support) followed by a 50-point squeeze higher. This was remarkably completed in the first hour of the morning. We spent the rest of the day bouncing between these levels.
In the High-Roller Room, we caught a huge portion of the morning squeeze - a total of 28 points. That was the only trade we took for the day, avoiding the rest of the chop/volatility.
Since Friday was a climatic low and put in a major pivot, there are a few A+ setups on the horizon for tomorrow…
Here’s my plan: