Daily plan 6.30.23
Good morning traders!
I trust everyone had a productive session yesterday, as the market presented several opportunities worth exploring. Emini showcased strength by maintaining levels above our identified long level, resulting in a substantial rally that met our target, OVN. Similarly, the Nasdaq also experienced an overnight surge, surpassing its previous high of the day. In the oil market, we observed minimal selling pressure, with prices supported by our designated long level, culminating in a robust rally, coming close to the 71 mark. However, the situation has been quite contrasting for gold, as it endured significant downward pressure, approaching the much-anticipated 1800 price range.
Apple, on the other hand, exhibited a notable gap up, surpassing previous highs and signaling a potential continuation of its upward trajectory. In the travel sector, we observed a mixed performance, with some stocks displaying strength while others remained relatively flat. Similarly, the tech sector presented a mixed picture, emphasizing the importance of focusing on stocks that demonstrate strength and are positioned at or near their highs. It is worth noting that both the Emini and Nasdaq moved as anticipated, aligning with our expectations of upward movement.