📊 Market Sentiment: Neutral to Bullish

  • Anticipated Economic Slowdown in 2024: Predicted slower growth due to higher interest rates and various economic factors.
  • Federal Reserve's Interest Rate Policy: Continued high rates to manage inflation, impacting borrowing and economic activity.
  • Current Mortgage Rates: Decrease in mortgage rates suggests positive implications for the housing market.


📝 Today's Recap:

  • Tech Giants' Earnings Reports: Microsoft, Alphabet, and other tech companies' earnings are key indicators for the tech sector's performance.
  • Current Job Market Status: Strong U.S. job market with low unemployment rates across sectors.
  • Tech Layoffs: Large-scale layoffs in the tech sector due to over-hiring and inflation.


🌍 Global Financial and Economic News:

  • Economic Data Reports: GDP, housing, and inflation reports provide insights into economic health.
  • International Relations and Policy: Ongoing geopolitical tensions and their economic impact.
  • Corporate Earnings and Market Movements: Insights from major corporate earnings influencing market trends.


📉 Support Levels to Watch:

  • 4949, 4940-42 (Major)
  • 4936 (Major), 4925-27 (Major)
  • 4921, 4914, 4909


📈 Resistance Levels to Watch:

  • 4954 (Major), 4959
  • 4963 (Major), 4968
  • 4973, 4977-79 (Major)


📅 Trading Plan for Tuesday:

  • Bull Case: Maintaining support above 4895 to foster continued upward momentum.
  • Bear Case: Monitoring for breakdowns below key support levels, indicating potential market shifts.
  • Strategy: Focus on key support and resistance levels, adapting to real-time market conditions.


🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Always consult with a professional financial advisor before making trading decisions.
ESes_fESH2024futuresjanuary2024SPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Support and ResistancetradingviewTrend AnalysisTrend Lines

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