Daily Plan 11.7.23
Markets Close Higher - What's Next?
Welcome back everyone!
Today was a phenomenal session as both the Emini and Nasdaq bounced off my long levels.
ES Long 4366 > 4400
NQ Long 15157 > 15271
Although they fell short of meeting the targets, there were numerous positive aspects that worked in our favor. Additionally, Gold experienced a robust selling wave, reaching my short target with a decline of +11.3 points, down to 1982.9. Oil, on the other hand, witnessed a sharp increase to my long target before reversing and selling off, indicating clear resistance at my projected level.
Shifting focus to the stock market, nearly all of the technology sector experienced significant rallies, surpassing my predicted levels and placing options contracts firmly in the profit zone for today's session. It was, without a doubt, an impressive session, which was in line with the analysis from the previous night.
Now, let's delve into my projections for tomorrow!