Daily Plan 11.8.23
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 once again.
ES Long 4375 > 4400
Emini saw the entire range from todays session in between my long level and long target.
NQ Long 15178 > 15271
Nasdaq continued higher through the long target posting a solid session from the long level posted last night. Another session working out in our favor, many sessions recently have seen the LOD at my long levels and today was another example.
Oil on the other hand saw a major collapse below my short level bringing a hefty sell through the short target. Incredible volatility this week which looks to continue further into the week.
CL Short 80.61 > 79.69
Moving over to Gold, all of the sell nearly was captured between the short level and short target with some downside missed below the short target. At the end of day we saw a rejection of the value area below to close out the session inside the LVN.
Stocks saw massive rallies above my long levels bringing large spikes to contracts once again with plenty of swing positions working in our favor.
Now, let's delve into my projections for tomorrow!