Market Plan for September 6th, 2023

Nothing changes

Good evening folks,

Today was an extremely uneventful day in the market. We dropped to 4493 overnight, moved up to 4510, and then ranged between these levels the entire session with 4500 being the center. Price action was brutally boring.

I took one short trade this morning, from 4510 to 4498. I removed half my position, with the other half targeting 4491, however, we didn’t reach there. Instead, I closed it at breakeven. The rest of the day didn’t offer any clean trades except shorting 4510 and longing 4495 for a gain of 5-10 points.

Where does that leave us for tomorrow? Let’s make tomorrow’s plan: