Market Plan for November 1st, 2023

Short squeeze?

Good evening folks,

We’ve had yet another green day as the market continues moving off its lows. We are now close to 100 points from the lows, and we’ve nearly tagged 4200 today. Price-action-wise, today was just a continuation of yesterday. We spent most of the day in a choppy range between 4158 and 4179 (I hope you didn’t try trading it) and then ended the day with a surge to 4197. This completes our plan from yesterday, where our final target was the 4200 zone.

Yesterday’s projection with today’s results:

Now, we’re below 4200. Will we finally push break it tomorrow, or will we begin the descent to new lows again? Here’s my plan: