Market Plan for May 7th, 2024

The tipping point...

Good evening folks,

It was one of the slowest days of the year as the market stayed within a tight 10-point range for most of the day. We got some volatility at the end of the day as we rallied 20+ points and made new highs for the month. We took no trades in the room today, as there was a lack of setups.

Here’s my plan for tomorrow: