Daily Plan 2.9.24

Welcome back everyone!

Once again, we've witnessed yet another solid trading session, with the Emini and Nasdaq holding above the long levels which were the main support for the session. While the targets were not met because volatility was limted, the levels provided worked out to soak as much upside as needed.

Focusing on the Emini, the 5005 long level remained a formidable support throughout the entire session, resulting in upside up to 5020 which was the high of day, yielding a gain of +15 handles on the upside.

Turning to the Nasdaq, the 17830 long level also held its ground bringing a spike up to the 17900. This was for a net +70 handles of upside from the long level to the high of the session.

In the oil market, we observed no selling activity once again with price remaining supported above the long level all session. This rally once again aligned with my expectations, netting a total of +127 pips to the upside reaching 76.53 setting the high of the session.

Gold remained weak with not moves above the long level and no selling below the short level. Overall there was no opportunity today in this market.

Shifting our focus to individual stocks, overall throughtout tall the stocks covered, there was no movement thatI witnessed today that is notable. This was such a limited session with nothing taking the main focus. When the indices are failing to see volatility, more times than not, the stocks will result in the same volatility. This is out of our control and something we jsut have to deal with.

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