Market Plan for October 12th, 2023

CPI ahead...

Good evening folks,

We’ve had another day of victory for bulls. Yesterday, the last few hours of price action were extremely choppy and unreadable. This was also true today for most of the session. Bears were able to break our key level of 4362, dropping all the way down to 4348. In a turn of events, bulls bounced at 4348 and reclaimed 30+ points in the last two hours.

We are near yesterday’s high of 4390. Will CPI tomorrow lead to another breakout? Is it finally time to pull back? Here’s what I think: