Daily Plan 8.7.24

Welcome back everyone!

Today's newsletter will be quite short, as my thesis for today's session worked out perfectly. The E-mini and Nasdaq saw strong upward moves from the long levels but ultimately fell just short of the long targets. Whether using the levels last night for futures trades or options, both would have put you well into profit today. Here is the update sent out in chat at 10:01 (30 minutes after open):

Today's recap will be short, as this mostly sums up the session outside the levels for the Nasdaq. The SPY contracts nearly hit 6 from 1.7 for a massive gain in one session. Hopefully, everyone had a great session!

Now let’s delve into the market structure on the Emini and Nasdaq.