Market Plan for October 10th, 2023
The squeeze continues...
Good evening folks,
It was a great session. We’ll review it below. First, a major announcement:
I am starting a live trading group, The High-Roller Room.
This is a private room for serious traders with a drive to conquer the market. We’ll use my highly profitable supply/demand method to achieve this. In the room:
Live trading: entries, stops, and targets executed in real-time. All will be recorded and tracked.
Laser-accurate analysis: explaining why I took trades, as well as the evolving context of the market.
Mindset shift: adopt the correct trading mindset for maximum profits.
Community: surround yourself with focused traders. Avoid all the outside noise that confuses and ruins most traders.
Launching November 3rd, 2023.
Stay tuned for more updates if you’re interested.
We gapped down on Sunday night to 4270. I outlined this as a key level for all of last week. I also went long here yesterday evening, catching a near-perfect bottom and riding it to 4311 (first target) and 4340 (second target). Here’s what I said yesterday:
A reclaim of 4300 and a move higher would be ideal. Bulls simply need to base above 4270, and they can then prepare a move to 4340+. We don't want to stay under 4270 for too long if we dip.
Here was my projection from yesterday:
Here’s what happened:
Bulls seemed to have recovered a lot of lost ground in the past two days. Will this hold, or is this a great short setup? Here’s my plan: