Market Plan for November 16th, 2023

2% down day?

Good evening folks,

We had a choppy session as the market is still digesting the reaction to CPI. We opened at 4510, moved to 4523, then dropped to 4500. It was a choppy day overall. Not a great trading environment. Neither of my projections from yesterday panned out as we stayed within a tight range.

Many hope tomorrow is the start of a -2% day. Will they be right or do bulls have more fuel left? Here’s my plan: