Daily Plan 9.21.23

Markets Close Lower in Line with Expectations - What’s Next?

Good evening, readers!

Just as I had anticipated, we witnessed a sell-off in the indices following the announcements related to interest rates and the FOMC. Both the Emini and Nasdaq appear to have more potential to decline, given that my targets haven't been met yet. Notably, the downside observed was significantly more pronounced than what we've typically seen in average sessions.

Gold, too, saw an intense rally today, only to retract and settle back down to the long-standing level. This spike was indeed an impressive upward move, but it fell short of reaching my volatility target. The stocks I highlighted in the weekly newsletter, Flow State #44, continue their pronounced downward trajectory. A few are inching ever closer to my targets. For example, Boeing has been devoid of bids this week, coming tantalizingly close to my 201 target. This demonstrates the pinpoint accuracy of the order flow levels I've shared.

Shifting our focus to Nvidia, the stock marked a new low today, dropping to 420. This is a significant 80-handle descent from when I identified the peak of its remarkable rally. Those holding contracts are seeing considerable gains, and I believe there's more potential upside, especially for short positions. The burning question now is this: Will this selling trend persist, or are we poised for a recovery in the next session? Let's delve deeper and analyze what the market may hold for us!