Market Plan for March 6th, 2024

Oversold bounce or generational dip-buy?

Good evening folks,

The market had a brutal sell-off today, pausing the dip-buying regime which has been dominating since November. We dipped below 5100 and made a low of 5058 before squeezing 20+ points in the last few minutes of the day.

In the High-Roller Room, we took a few small losses attempting to get long, but we caught most of the squeeze at the end of the day.

Did the dip end, or is it the start of a new bull market? Here’s my plan: