Daily Plan 1.12.24

Welcome back everyone!

Today's session was once again stunning as both the Emini and Nasdaq not only reached the short targets but also experienced a swift bounce back to those same short levels. The Emini saw a sell-off of 37 handles below the 4810 short level, while the Nasdaq witnessed a sell-off of 157 handles below the 16909 short level. On the other hand, Gold spiked up to my long target after the CPI report was released, only to then sell back down through the short level and ultimately settling at the short target. This entire range remained within the boundaries of the long and short targets, both of which were successfully achieved.

Meanwhile, Oil rallied from the long level up to the long target, marking the high before undergoing a downward correction to the long level, and then making a strong rebound all the way up to the long target. This resulted in two impressive rallies from the long level, as predicted last night. It has indeed been an exceptional week, particularly for futures traders, as we've been able to capture the essence of every significant market movement, whether it's an upward or downward trend.

Shifting our focus to individual stocks, it's worth noting that not every stock followed the indices in turning red during the session and experiencing a substantial decline below the short level. Six out of eight stocks, however, did break below the short level, leading to substantial sell-offs before witnessing a sharp recovery in line with the overall indices. These past two days have been nothing short of phenomenal, and I'm delighted that all of this remarkable market action is meticulously documented within our newsletter.

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