Daily Plan 5.31.24

Folks -

The unblemished record for OrderFlow continues today.

Last night I had a bearish bias with a target of 5250. We sold off overnight to test 5250.

At 5250 this morning, I sent a chat update calling for a move higher from that low. We saw a robust 30 point rally from this level, before I turned bearish again for a break of session lows, before we dropped down into 5230s and closed the day near 5250.

When you are a subscriber, you get a bird’s eye view of things. You are a fly on the walls of OrderFlow Pits. What is preventing you from subscribing today and start getting these levels every day? Is it the cost? Be rest assured, these prices are set to exponentially go higher. Use the coupon code below and get in before price hikes.

TSLA

I shared bullish TSLA note over the weekend and the stock has done quite well this week. I think TSLA is looking quite good as long as that weekly level holds for a test of 190-190+. It is 178 at the moment.

Levels for tomorrow

At this point, my key level will remain around 5222-5230. We are now 5243.

Scenario 1: As long as we hold 5222-5230, I favor a test of 5292-5300 before longer term sellers could appear.

Scenario 2: Please refer to my notes about 5211 from last night. In general, if 5211 is traded, I expect this to be a bearish scenario as long as resistance above on 5230 holds.

However, if 5211 is not traded tomorrow, I think we may be carving out a low here near 5230 for another test of 5300 or so. Core PCE tomorrow. So any updates to this plan will be shared for Subscribers in my chat room below.

I alluded to this earlier about importance around 5230. Please refer to the plan from last night what my views on price action here around 5230 is.

~ toc

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