Daily plan 2.6.24

Welcome back everyone!

Once again, we've witnessed yet another solid trading session, where the indices descended below my mentioned short levels as discussed last night. Once the Emini and Nasdaq broke below the upper value range, a substantial sell-off ensued, with the Nasdaq reaching the short target and the Emini falling just short.

Focusing on the Nasdaq, the 17716 short level remained a formidable resistance throughout the entire session, resulting in a sell-off down to the 17591 short target, yielding a gain of +125 handles on the downside. Interestingly, the short target was just above the day's low, sparking a rally that took the price right back up to the short target, completing a round trip.

Turning to the Emini, the 4959 short level also held its ground, leading to a decline of 22 handles but falling short of the 4928 short target.

In the oil market, we observed selling activity continuing, albeit stopping short of the 70.64 short target. This sell-off once again aligned with my expectations, as market structure mirrored the actions of large investors.

Similar to the Nasdaq, gold also experienced a selloff, managing to reach the short target and establishing the low at the value area low. It's worth noting that this short target was positioned just above the value area low. I highly recommend revisiting last night's video to gain insight into the market structure that allowed us to capture these significant movements.

Shifting our focus to individual stocks, AMD, MSFT, META, AMZN, and TSLA all saw substantial sell-offs directly from the short levels, while AAPL and NVDA displayed continued strength, surpassing the long levels.

Overall, today's session proved to be exceptional, as we successfully navigated the market based on the volume profile structure discussed last night.

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