📊 Market Sentiment: Bearish

  • Federal Reserve's Rate Decision: The Fed's decision to maintain interest rates influences market expectations and strategies.
  • Economic Slowdown Concerns: Predicted slower growth rate impacts market dynamics.
  • Tech Giants' Earnings: Influence of Microsoft, Alphabet, and other tech companies on market sentiment.


📝 Today's Recap:

  • Strong U.S. Economy: Growth defies recession fears but is tempered by the Fed's cautious stance.
  • China's Financial Challenges: Market impacts of China's economic difficulties.
  • Corporate Earnings: Insights into the tech sector's performance based on earnings reports.


🌍 Global Financial and Economic News:

  • Fed's Interest Rate Policy: Market reactions to the Federal Reserve's decision to maintain rates.
  • Mortgage Rate Trends: Implications of decreased mortgage rates for the housing market.
  • Job Market and Tech Layoffs: Interplay between strong job market and recent layoffs in the tech sector.


📉 Support Levels to Watch:

  • 4874, 4860-65 (Major), 4847, 4841 (Major)
  • 4832 (Major), 4824, 4817, 4811


📈 Resistance Levels to Watch:

  • 4878 (Major), 4888, 4890-92 (Major)
  • 4898, 4904-02 (Major), 4912 (Major)


📅 Trading Plan for Thursday:

  • Strategy for Volatile Market: Adapt to potential volatility following the Fed's decision.
  • Bull Case: Focus on reclaiming key levels to resume an upward trend.
  • Bear Case: Monitor for further breakdowns below support levels.
  • Action Plan: Evaluate supports and resistances, adjust strategy based on market reactions to Fed's decisions.


🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Consult a professional financial advisor for trading decisions.
ESes_fESH2024february2024futuresSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Support and ResistancetradingviewTrend AnalysisTrend Lines

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