Daily Plan 1.4.23

Welcome back everyone!

Today's session was exceptional, with both the Emini and Nasdaq experiencing sharp selling that continued throughout the week. The Emini successfully reached its short target, while the Nasdaq fell short but still provided numerous opportunities from the short level.

Following the release of the FOMC Minutes, the 16631 short level proved to be the high point before a bounce, ultimately pushing prices to new session lows as we approached the close. In contrast, oil showed strength by rallying above the long level, hitting the target at the day's high, making it yet another instance of pinpointing a top tick level.

Gold, however, started the cash session with a significant gap down, surpassing the short target and offering a remarkable 30-handle downside move in a single session. In summary, today turned out to be a highly favorable day for Volume Profile users, particularly those who have been following this newsletter closely.

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