Daily Plan 4.18.24

Welcome back everyone!

First, we will cover the recap for today's session, then move on to tomorrow's analysis.

Indices:

Once again, the Emini and Nasdaq experienced significant selling pressure today, with both indices reaching their short targets. The Emini dropped from 5104, hitting the target at 5068, resulting in a net decrease of 36 handles. Meanwhile, the Nasdaq fell from the short level of 17883 to reach the target at 17630, marking a substantial drop of 223 handles. This nearly set the session's lowest point right at the target.

Commodities:

Oil continued its downward trend from the overnight session, offering no opportunity for prices to rise to the short level. Initially, the price found some support at the 84.28 short target before falling another 200 handles to settle at 82.

Gold experienced a rejection of higher prices, with the downside limited to only 18 handles, falling short of reaching the short target.

Stocks:

Today was a day to concentrate on the indices and stocks, which experienced significant selling across most of the board. Below are the charts that showed strong downside movements, encompassing nearly the entire list of stocks included in the "Daily Plan" section at the bottom. Once again, TSLA and AMD have traded lower, giving another boost to this week's contracts. AMD has now increased by over 200% and is looking to potentially extend this gain to 500% tomorrow as we are observing a gap down overnight. Stay tuned for tomorrow's update as I might post a chart of another stock, either for potential upside or downside, depending on the opportunities that arise.

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