Daily Plan 1.18.24

Welcome back everyone!

Once again, we witnessed the accomplishment of our targets across the board, with the Emini, Nasdaq, Gold, and Oil all reaching my designated short targets. What's even more noteworthy is that not only were these targets met, but both the Emini and Nasdaq experienced a rebound after briefly touching the swing value area lows. This serves as another prime example of buyers stepping in at the Value Area Low (VAL). Similarly, Oil also witnessed a bounce, with the session's low aligning perfectly with the VAL.

However, Gold took a different trajectory as it established the Overnight (OVN) high at a swing value area low before descending through the entire Low Volume Node (LVN) and breaking below the subsequent swing value area high. Today presented us with remarkable setups that I had been analyzing the previous night.

Shifting our focus to stocks, AMD was the sole ticker that saw a bid above the long level today, with many others experiencing sell-offs during the cash session, while some gapped down at the market open. TSLA, GOOGL, AMZN, and AAPL all exhibited strong gap downs, providing a solid selling opportunity in alignment with the insights shared the previous night. It was yet another day of robust selling, resulting in significant 100% moves in this week's contracts.

Beyond the realm of intraday stock levels, our earnings picks for today delivered exceptional results. PLD, for instance, plummeted by 5 points, coming within two points of my 123 target. SCHW faced a significant downturn, falling below the earnings target and dropping over 5 points, reaching as low as 59. USB found support precisely at the earnings target of 40, while KMI experienced minimal movement following its earnings release.

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