Market Plan for November 29th, 2023

Second failed move higher, is it over for SPX?

Good evening folks,

It was a turbulent day in the markets as we had large impulsive moves on both sides. The market opened with a failed move down, followed by a sharp 25+ point rally, then an equally sharp decline back near the open. This is the second time in the last few days that the market has attempted to break higher, but failed. In The High Roller Room, we took 3 trades with -10 pts, -6 pts, and +3 pts. It was a turbulent day but we were nimble and kept losses small.

Get access to the room here: https://whop.com/the-high-roller-room/

Since the market had another failed breakout today, are we bound to finally drop? Here’s what I think: