Daily Plan 1.10.24

Welcome back everyone!

Tonight's session once again showcased the dominating strength of the semiconductor sector. As I discussed in the video, the key factor for us was maintaining levels above my specified thresholds, which would potentially trigger a robust rebound after last week's selling pressure. Astonishingly, those levels held, unleashing a massive rally in semiconductor stocks, with my continued focus on NNDA and AMD.

Beyond the semiconductor sector, the Nasdaq market experienced a sell-off, precisely hitting our short target at the low point. I promptly tweeted out the news, indicating that we were witnessing a bottoming process at the swing Value Area Low (VAL). Remarkably, this turned out to be the exact low, and prices surged by an impressive 210 points.

In the case of the Emini, it didn't quite reach our short target, but we did see a rebound occurring right at the Point of Control (POC) within the swing Value Area. For those closely following this newsletter, you'll know that the POC is one of the most influential areas within a value area. Above the POC, buyers maintain control, while below it, sellers take charge. The Emini, bouncing from the POC, managed to gain 36 points in an upward move.

Shifting gears to other markets, gold reached its high point precisely at my long target and found support at my long-level, resulting in a remarkable session perfectly contained between these levels. Likewise, oil also adhered to our provided long level and long target, hitting the Low of Day (LOD) before rallying to the long target, delivering a solid 124 pips of upside.

This kind of market analysis and precision is happening on a daily basis. I strongly recommend subscribing to this service to receive all the levels and real-time analysis the night before, allowing you to witness the plan develop and make informed decisions in using volume profile.

Now, let's dive into the rest of my analysis for the upcoming session!