Daily Plan 2.1.24

Welcome back everyone!

What a phenomenal session it has been, with both the Emini and Nasdaq selling down to meet their short targets. Almost the entire movement occurred within the specified levels, except for the Emini, which dipped below the short target. Finally, the eagerly anticipated major sell-off day has arrived, and we can certainly count ourselves fortunate to have been on the right side of it. As expected, Gold experienced a sharp rally, surging right up to my 2065.8 long target, a common occurrence when the indices see substantial selling pressure. Adding to our successes, Oil also sold off today, hitting the low exactly at my short target, resulting in another 121 pip selloff in our favor.

Shifting our attention to individual stocks, AMD soared from the long level, which coincided with the LOD for today's session, offering more than 6 points of upside potential. On the contrary, AAPL once again saw a sell-off, accumulating a total of 9 points in selling from the swing short level. MSFT began the day with a bounce right at the long level, delivering a rapid and sharp rally before later experiencing a downturn. META had an overall whipsaw session, with long positions struggling to gain momentum, leading to no significant rally today based on the levels. AMZN's performance mirrored that of META, offering no substantial opportunities for today's session. GOOGL, on the other hand, saw a sell-off that peaked right at the short level, resulting in another 3 points of downside movement. NVDA provided one solid short opportunity, yielding a 9-point decline. TSLA stood out among the stocks, witnessing a strong rally for most of the session, generating over 7 points of upside above the long level. Overall, today's session was once again exceptional for the readers!

Now, let's dive into the analysis for the upcoming week!