Market Plan for October 4th, 2023

Total and utter collapse

Good evening folks,

We only had one real move to trade today: the short from 4280 to 4230. It wasn’t a move that lasted too long, so it wasn't easy to catch if you were not in it before. The rest of the day provided very few opportunities - we ranged around 4230. I called this specific move in yesterday’s post with a high level of accuracy:

We did indeed follow everything I described, from the re-test of 4300 to the lingering at 4270. Here’s the result:

Now that we’re stuck at 4230, what comes next? No one really seems to know. There is no clear direction. Here’s what I think will happen tomorrow: