Market Plan for March 15th, 2024

Price action from hell

Good evening folks,

We had an unusual trading day as we dumped at open from PPI news. We dropped nearly 30 points in just a few minutes. At 5150, we quickly bounced back up and then ranged back and forth, making new highs and lows until we dipped to 5130 and closed near 5160 with an EOD squeeze.

High-Roller Room results:

Was the EOD reversal the “dip”? Or is this the beginning of a larger down move? Here’s my plan: