Market Plan for October 5th, 2023

Just the moment everyone's bearish, a light shines

Good evening folks,

It was a slow, choppy day, but we ended it with a breakout. We had an interesting overnight session, where we dropped over 25 points from 4230, then made it all back by morning. We opened at 4243, then quickly fell to the 4230s and 4220s. After hours of choppiness, we rallied to 4275 - my final target.

Here’s yesterday’s projection:

Today’s results:

We made a convincing bottom yesterday night. Could it be THE bottom? Based on technicals and seasonality, here’s what I think: