2/13 Daily Market Note: Personal best day so far in 2024

Inflation Sets up the Opportunity.

Hey Friends,

Inflation CPI finally opened the doors for a very attractive intraday long opportunity that I’ve had on my radar over the past week.

My key level as discussed inside our Community was the 17560 region for NQ (Nasdaq-100 proxy). If we approached this region, which we did today and stay above it it, I was certainly going to give this level a shot.

My directional thinking over the past week or so. 17560 would be a very big Bid point.

I detail the setup on my Instagram here which you can read more here.

There are two ways I approached today’s opening bell selloff.

1. Direct Entry on MNQ

2. Sell 0DTE Puts on NQ

I’ll describe more below.