Dead. End.

Daily Plan 8.4.23

Hey guys -

Happy weekend! Yet another day accentuated by my levels. I will not cover each one here but you can read last night’s plan if you want to. The market was encapsulated on both ends by my levels as well as this tweet below I sent which marked the low of the day before we rallied higher into 4540.

This was sent about an hour into the open and we did not test under this for rest of the session.

If you have not already, please add my Twitter to your follow list and turn on notifications as I can sometimes share time sensitive levels.

For my levels tomorrow, I will lean on the 2 Day volatility template.

From this template, the Scenario 2 played out today. A volatile but balanced session.

This means for me personally unless we take out that 4500, we could retest some levels around 4550-4580. We are now trading near 4520.

Scenario 1: If the bulls are able to remain bid above 4500-4510 area, we could retest 4550. A break of 4550 may target 4580.

Scenario 2: Bears will need to close below 4500, preferably early on in the session tomorrow to target 4480.

NFP day tomorrow. They tend to be choppy of late. Unless we get a very strong or a very weak decisive number, we may see some chop in these levels.

If you have not already, subscribe below to receive my levels intraday as well as my options levels. I have a special offer for NFP tomorrow. One of my biggest discount! Won’t last!

Not a whole lot of other stuff crossed my radar today but it will be clearer picture after tomorrow’s close for the weekly plan. Stay tuned!

ABNB

On the ABNB side, I was an earnings bear at 150. We sold down to 140.

During the cash session I thought any dips into 130s will probably not stick. This was indeed the case as we closed back near 140 at time of this post.

I personally think if we begin to see any prints above 140 again, we could make a trek back to 150.

China

We also saw some good action in the Chinese stocks from my LIS. Like NIO was up 6% today as well as good action in BABA.

~ Tic

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