Market Plan for October 17th, 2023

A stalemate...

Good evening folks,

Bulls had a clean morning today, followed by a very choppy afternoon. We opened at 4352 and continued running higher to 4375. At 4375, we began chopping around. We then quickly dropped dozens of points (great dip to buy), then recovered it all in minutes. We continued ranging for the rest of the session.

We caught the initial move with stunning accuracy. Here’s yesterday’s projection and today’s results:

Just as predicted, we dipped but stayed above 4325. This gave the green light for bulls to run to 4375. We quickly reached our target for a gain of 35+ points.

Sentiment is split. Some are bullish, some are bearish. Here’s my plan for tomorrow: