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2/8 Thursday Trading Plan📊 Market Sentiment: Neutral RBI Monetary Policy (February 2024): Keeping repo rates unchanged indicates RBI's cautious stance on inflation, impacting market sentiment and future interest rate expectations. Banking and Financial Services Trends (2024): AI's growing influence, interest in digital currencies, customer experience focus, and cybersecurity concerns shape the financial sector's future. 📝 Today's Recap: Economic Trends and U.S. Financial Landscape (2024): Observations from SIEPR on economic challenges and policy questions, alongside investors' focus on Federal Reserve's decisions, provide insights into potential market directions. Global Economic Updates: Interest rate decisions by global central banks, including the Bank of England and the Federal Reserve, alongside China's economic strategies, offer a broad perspective on global market trends. 🌍 Global Financial and Economic News: U.S. Jobs Report and Economic Growth: Strong job additions and GDP growth reflect economic resilience, potentially influencing Federal Reserve's future rate decisions. Danske Bank and CaixaBank Strategies: Strategic moves and forecasts by major banks underscore the banking sector's adaptability and future growth prospects. 📉 Support Levels to Watch: 5009, 4990, 4984 (Major), with a focus on 4984 as a critical support for maintaining the current market rally. 📈 Resistance Levels to Watch: 5018, 5035, 5048 (Major), indicating potential targets for upward movement if the market maintains its bullish trend. 📅 Trading Plan for Thursday: Approach: Cautious trading strategy amidst ongoing market analysis, with an emphasis on responding to key support and resistance levels. Bull Case: Maintaining support at 4984 crucial for the continuation of the market rally; targeting upward movements towards 5018 and beyond. Bear Case: Watch for failure at 4984 as an indication of potential market correction; short opportunities arise if major supports are breached. Tactics: Prioritize level-to-level trading, with a focus on major support and resistance levels for high-probability setups and disciplined profit-taking. 🛑 Disclaimer: This analysis is for educational purposes only and not financial advice. Market conditions are dynamic; consult with a professional before making trading decisions. Risk management is essential.
CME_MINI:ESH2024
by spytradingpro
2/7 Wednesday Trading Plan📊 Market Sentiment: Neutral to Bearish U.S. Jobs Report (January 2024): Significant job additions indicating robust economic activity, potentially affecting Fed's interest rate decisions. Federal Reserve's Interest Rate Decision (January 2024): Rates held steady, with future cuts indicated, impacting investor sentiment and market strategies. Innovation Economy and Geopolitical Risks: Influential trends and uncertainties shaping market dynamics and investment decisions. 📝 Today's Recap: Housing Market and Supply Chain Developments: Challenges in housing affordability and ongoing adjustments in global supply chains are key factors affecting market trends. Stock Market Outlook and Banking Sector Movements: Continued bullish momentum with caution advised due to potential interest rate cuts and strategic moves in the banking sector. 🌍 Global Financial and Economic News: Global Economic Trends and Financial Services News: Insights into economic challenges, policy questions for 2024, and strategic moves by financial institutions shaping the financial landscape. 📉 Support Levels to Watch: 4970, 4962-65, 4956, 4947 (Major), 4939, 4930-34, with particular interest in 4930-34 and 4909 for potential long positions. 📈 Resistance Levels to Watch: 4977, 4982, 4990-93 (Major), 5007, 5018, with emphasis on 4990-93 and 5018 for potential short positions or caution areas. 📅 Trading Plan for Wednesday: Approach: Cautious trading strategy amidst forming bull flag pattern and awaiting clear market direction post-job report and Fed's decision. Bull Case: Support at 4947 and 4962-65 pivotal for maintaining upward momentum; targeting moves towards 4977 and 4990 upon successful base building. Bear Case: Watch for failure at 4962-65 as an early warning, with significant attention on 4947 for potential deeper retracement or short setups. Tactics: Prioritize trading within the identified range, with a focus on high-probability setups and strict discipline around major support and resistance levels. 🛑 Disclaimer: This analysis is for educational purposes only and not financial advice. Market conditions are dynamic; consult with a professional before making trading decisions. Risk management is crucial.
CME_MINI:ESH2024
by spytradingpro
2/6 Tuesday Trading Plan📊 Market Sentiment: Neutral to Bearish Economic Positivity vs. Recession Risks: Ongoing discussions about potential economic slowdown amidst optimistic indicators. U.S. National Debt: Concerns over $34 trillion debt and its sustainability. Gold Prices: Driven to all-time highs by geopolitical tensions, banking uncertainties, and Fed's interest rate policies. Layoffs and Job Market: Over 720,000 layoffs signal caution among employers. Housing Market: Expected slight increase in median home prices. 📝 Today's Recap: Housing Market and Fed Policies: Fed's steady interest rates amid rising housing costs. China's Stock Market: Rally following government's increased stock purchases. Corporate Earnings: Meta's earnings growth and dividend introduction. Banking Sector: AI's transformative potential in banking for 2024. 🌍 Global Financial and Economic News: Investment Trends for 2024: Forbes highlights AI's impact on the financial sector. Financial Market Outlooks: Diverse predictions for 2024, from stock valuations to GDP expectations. 📉 Support Levels to Watch: 4965, 4954, 4947 (Major), 4942, 4930, 4915, 4908 Notable for potential bids: 4930 and 4908-4915 cluster. 📈 Resistance Levels to Watch: 4970, 4986-4990 (Major), 5018, 5028-5033 Key for potential shorts: 4986-4990 and 5028-5033 zones. 📅 Trading Plan for Tuesday: Approach: Conservative post-rally strategy, focusing on high-probability setups within the new base range. Bull Case: Maintain supports at 4965 and 4947 for base building; target upward moves to 4990 and beyond on breakouts. Bear Case: Watch for failure at 4947, signaling deeper retracement; consider shorts on breakdowns with tight risk management. Tactics: Emphasize level-to-level trading, particularly around 4965 and 4947 supports, and 4986-4990 resistance for potential reentries or reversals. 🛑 Disclaimer: This analysis is for educational purposes only, not financial advice. Market conditions are dynamic; consult a professional before making trading decisions. Risk management is essential.
CME_MINI:ESH2024
by spytradingpro
2/2 Friday Trading Recap📊 Market Sentiment: Neutral Federal Reserve's Steady Rate: Maintaining rates signals a balanced approach towards inflation and economic growth. Tech Sector's Performance: Upcoming earnings from tech giants could sway market direction significantly. 📝 Today's Recap: Interest Rate Decision: The Federal Reserve's choice to keep rates unchanged points to a cautious but optimistic outlook on inflation and economic growth. Tech Earnings: Anticipated earnings reports from leading tech companies will be critical for market sentiment early next week. 🌍 Global Financial and Economic News: Interest Rate Projections: Speculation on future rate cuts based on inflation trends and economic indicators. Tech Sector Impact: The tech industry's performance, particularly earnings reports, will play a pivotal role in market dynamics. 📉 Support Levels to Watch: 4977, 4963-65 (Major), 4954, 4945 (Major) Strategy: Monitor these levels for potential buying opportunities, especially after a significant uptrend. 📈 Resistance Levels to Watch: 4990-95 (Major), 5016-18 (Major), 5040 Approach: Exercise caution around these levels; consider taking profits or reassessing positions. 📅 Trading Plan for Monday: Preparation: Following a significant rally, anticipate a period of price discovery and potential consolidation. Bull Case: Key supports at 4963-65 and 4954 must hold to sustain the uptrend. Bear Case: A break below 4963-65 could indicate a short-term pullback or consolidation phase. Tactics: Prioritize setups with clear risk-reward profiles, focusing on major support and resistance levels. 🛑 Disclaimer: This analysis is for educational purposes only. Market conditions are dynamic; consult with a financial advisor before making trading decisions.
CME_MINI:ESH2024
by spytradingpro
2/1 Thursday Trading Plan📊 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.
CME_MINI:ESH2024Short
by spytradingpro
1/31 Wednesday Trading Plan📊 Market Sentiment: Neutral to Bearish Concerns Ahead of FOMC Meeting: Impact of Federal Reserve's decisions on market stability. Cigna's Strategic Move: Effects of consolidation in the healthcare insurance industry. Retreat of Tech Stocks: Market anticipation of the Federal Reserve's interest rate decision. 📝 Today's Recap: U.S. Economy's Growth: Strong GDP growth defying recession fears. China's Economic Struggles: Financial challenges and government control over economic commentary. Market Movements and Corporate Earnings: Insights into tech companies' performance and stock market dynamics. 🌍 Global Financial and Economic News: Fed's Interest Rate Policy: Anticipation of the Fed's decision on interest rates. Earnings Reports: Evaluating the impact of tech giants' earnings on market sentiment. Economic Data Reports: Review of GDP, housing, inflation, and other key economic indicators. 📉 Support Levels to Watch: 4944-42 (Major), 4936 (Major), 4932 4926 (Major), 4920, 4911-13 (Major) 📈 Resistance Levels to Watch: 4954 (Major), 4957, 4962-64 (Major) 4971, 4978 (Major), 4984 📅 Trading Plan for Wednesday: Approach for FOMC Day: Expect volatility; be prepared for rapid changes. Bull Case: Focus on maintaining support above key levels like 4935. Bear Case: Monitor for breakdowns below support levels indicating market shifts. Strategy: Evaluate supports and resistances, adapting to FOMC outcomes and market reactions. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Consult a professional financial advisor for trading decisions.
CME_MINI:ESH2024
by spytradingpro
1/30 Monday Trading Plan📊 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.
CME_MINI:ESH2024Long
by spytradingpro
1/29 Monday Trading Plan📊 Market Sentiment: Federal Reserve and Bank of England Meetings: Expectations of unchanged rates in both meetings, with a focus on the Fed's dovish stance and persistent inflation in the UK. Tech Earnings Reports: Alphabet's earnings spotlight, alongside AMD, Microsoft, Qualcomm, and Amazon, are critical for assessing tech sector health. Economic Data Releases: U.S. economy's 3.3% growth in Q4 2023 and other key global economic indicators are influencing market directions. 📝 Today's Recap: Corporate Earnings and Economic Resilience: Analysis of 4Q23 earnings showing signs of economic resilience, with a focus on technology and communication sectors. Buy Now, Pay Later Trend: Reflects the impact of inflation on consumer behavior, indicating shifts in household financing methods. Market Movements: Record highs in S&P 500 and Nasdaq, energy sector performance, and trends in crude oil prices and gold values. 🌍 Global Financial and Economic News: Global Market Insights: Key events including Fed and BoE meetings, US payrolls, eurozone GDP, and global PMIs provide a holistic view of the economic landscape. Investment and Market Trends: Insights into potential market risks, including U.S. debt concerns and the outlook for M&A activity. Treasury Yields and Fed Decisions: Analysis of treasury yield movements in anticipation of the Fed's policy decision. 📉 Support Levels to Watch: 4914 (Major) 4903-05 (Major) 4897 (Major) 4881 4876-78 (Major) 📈 Resistance Levels to Watch: 4914 4918 (Major) 4925 (Major) 4936 4942-44 (Major) 📅 Trading Plan for Monday: Bull Case: Focused on maintaining support levels, especially above 4895, to foster continued upward momentum. Bear Case: Monitoring for breakdowns below 4895, indicating a potential shift to a bearish trend. Strategy: Emphasize level-to-level trading around 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.
CME_MINI:ESH2024Long
by spytradingpro
1/26 Friday Trading Plan📊 Market Sentiment: Bullish 🌍 Global Financial and Economic News: Canadian Financial Results and Economic Outlook Forum: The Department of Finance Canada is set to publish financial results for November 2023. Additionally, the 35th Annual Economic Outlook Forum, presented by Scotiabank, is taking place in Vancouver, aiming to provide insights into what businesses can expect from the local and national economy in the year ahead. Keynote speakers include Scotiabank's chief economist Jean-Francois Perrault, Jobs Minister Brenda Bailey, and Housing Minister Ravi Kahlon. Earnings Reports: American Express Co. and Colgate-Palmolive Co. are reporting their earnings, which are closely watched by investors for signs of corporate health and consumer spending trends. European and US Stock Markets: European stocks have risen, driven by strong earnings and expectations that euro-area interest rates may start falling from April. However, US stock futures indicate a pause after six days of gains, with Intel Corp.'s bleak forecast impacting technology stocks and premarket trading. Global Credit Spreads: Corporate bond investors are actively buying new issues, taking advantage of elevated yields before potential interest-rate cuts by major central banks. The Bloomberg Global Credit Corporate index shows yield premiums on notes tightening to the lowest since late January 2022. US Economic Data: The US economy grew at a 3.3% annual rate in the last three months of 2023, surpassing economists' expectations. This strong growth, along with moderating inflation, fuels optimism that the Federal Reserve may start cutting interest rates this year. Leading Economic Indicators: The leading economic index from The Conference Board, which historically predicts economic downturns, showed a decline in November and is expected to have a slight decrease for December. This comes amid a debate on the reliability of this index in the post-COVID-19 economic recovery context. Housing Sector Update: Updates on the housing sector are expected, with forecasts of a pickup in sales of both new and existing homes in December. Mortgage rates are anticipated to fall, potentially boosting home buying activity in the future. Investment Strategies for 2024: Financial experts are advising investors to consider opportunities and not to sit on large amounts of cash due to fear of market downturns. Risk management remains a key discussion point for investment strategies in 2024. US Inflation and Federal Reserve Policy: US prices rose moderately in December, with the annual increase in inflation below 3% for a third straight month. This trend could influence the Federal Reserve's decision on interest rate cuts. 📉 Support Levels to Watch: 4907 4898 (Major) 4895 (Major) 4889 4881 📈 Resistance Levels to Watch: 4914 4918 (Major) 4925 (Major) 4936 4942-44 📅 Trading Plan for Friday: Bull Case: Focus on maintaining key support levels, especially above 4895, to foster continued upward momentum. Bear Case: Monitor for breakdowns below 4895, indicating a potential shift to a bearish trend. Strategy: Emphasize level-to-level trading around key support and resistance levels, adapting to real-time market conditions. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Market conditions are dynamic and subject to rapid changes. Consultation with a professional financial advisor is recommended before making trading decisions.
CME_MINI:ESH2024Long
by spytradingpro
1/25 Thursday Trading Plan📊 Market Sentiment: Bullish 🌍 Global Financial and Economic News: U.S. Economy Growth Surpasses Expectations: The U.S. economy's better-than-expected growth rate of 3.3% in Q4 2023, surpassing predictions of 1.8% growth, could buoy investor confidence. Comcast's Earnings and Broadband Subscribers: Comcast's stronger-than-expected earnings and subscriber data could impact the telecommunications sector and broader market sentiment. 📉 Support Levels to Watch: 4898 4891-92 (Major) 4888 4882 4877 (Major) 📈 Resistance Levels to Watch: 4908 (Major) 4914 4925-28 (Major) 4936 4941 📅 Trading Plan for Thursday: Bull Case: Focus on maintaining support levels, especially above 4878, to continue the upward trend. Bear Case: Watch for breakdowns below support levels, particularly at 4878, to identify bearish trends. Strategy: Adapt to real-time market conditions, emphasizing level-to-level trading around key support and resistance levels. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Market conditions are dynamic and subject to rapid changes. Consultation with a professional financial advisor is recommended before making trading decisions.
CME_MINI:ESH2024Long
by spytradingpro
1/23 Wednesday Trading Plan📊 Market Sentiment: Bullish 🌍 Global Financial and Economic News: S&P 500 notches third straight record high close 📉 Support Levels to Watch: 4887-90 (Major) 4883 (Major) 4875 (Major) 4866 4860 (Major) 📈 Resistance Levels to Watch: 4901 4907-09 (Major) 4914 4925-29 (Major) 4935 📅 Trading Plan for Wednesday: Bull Case: Focus on maintaining support levels, especially above 4828-31, to continue the upward trend. Bear Case: Watch for breakdowns below support levels, particularly at 4875, to identify bearish trends. Strategy: Adapt to real-time market conditions, emphasizing level-to-level trading around support and resistance levels. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Market conditions are dynamic and subject to rapid changes. Consultation with a professional financial advisor is recommended before making trading decisions.
CME_MINI:ESH2024Long
by spytradingpro
1/19 Monday Trading Plan📊 Market Sentiment: Bullish Market sentiment for CME_MINI:ESH2024 Futures is being influenced by a range of factors including stock market performance, ECB's interest rate policies, inflation rates in the Euro Zone, China's economic outlook, and corporate earnings reports. 🌍 Global Financial and Economic News: Stock Market Today: The record closes of major indices like the S&P 500 and Dow Jones reflect investor confidence and are key indicators of market sentiment. Interest Rate Expectations: The ECB's potential delay in starting rate cuts and its implications for the global market. Inflation in the Euro Zone: Rising inflation rates in the Euro Zone, which may affect the ECB's monetary policy decisions. China's Economic Outlook: China's slower-than-expected economic recovery and its potential impact on the global market. Corporate Earnings Reports: The importance of earnings reports from major companies in driving market movements. 📉 Support Levels to Watch: Key support levels include 4867, 4860-63, and 4841. 📈 Resistance Levels to Watch: Major resistance levels are identified at 4877, 4880-83, and 4903. 📅 Trading Plan for Monday: Bull Case: The bull case involves maintaining key support levels, particularly 4860-63, to facilitate an upward trend towards higher resistance points. Bear Case: The bearish scenario starts with the failure of support at 4860, potentially leading to significant market downturns. Strategy: The plan emphasizes adapting to market conditions, with a focus on the 4860-4883 range. Key is to be flexible and responsive to real-time market dynamics, especially around support and resistance levels. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Market conditions are dynamic and subject to rapid changes. Consultation with a professional financial advisor is recommended before making trading decisions.
CME_MINI:ES1!Long
by spytradingpro
1/18 Trading Plan for $ESH2024📊 Market Sentiment: Bearish Market sentiment for CME_MINI:ESH2024 is currently being shaped by several key factors including the European Central Bank's interest rate expectations, inflation in the Euro Zone, China's economic outlook, U.S. market trends, and corporate earnings reports. 🌍 Global Financial and Economic News: Interest Rate Expectations: The ECB's potential delay in starting rate cuts affects market expectations, hinting at sustained high interest rates. Inflation in the Euro Zone: The rise in Euro Zone inflation may impact the ECB's monetary policy, affecting market dynamics. China's Economic Outlook: China's slower-than-expected post-COVID recovery and economic policy decisions remain a focal point for investors. U.S. Market Trends: The shift from Big Tech to sectors like healthcare and the anticipation of key inflation readings influence market sentiment. Corporate Earnings Reports: Earnings from major companies like Infosys, JPMorgan Chase, and others are closely watched for insights into various sectors' health. 📉 Support Levels to Watch: Key support levels for CME_MINI:ESH2024 include 4766, 4758-61, and 4746. 📈 Resistance Levels to Watch: Major resistance levels are identified at 4775, 4782-85, and 4802. 📅 Trading Plan for Thursday: Bull Case: The bull case involves maintaining support levels, particularly 4758-61, to facilitate an upward trend towards higher resistance points. Bear Case: The bearish scenario continues with the failure of support at 4758, leading to potential market downturn. Strategy: The plan emphasizes adapting to market conditions, with a focus on the choppy range of 4760-4785. Key is to be flexible and responsive to real-time market dynamics, especially around support and resistance levels. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Market conditions are dynamic and subject to rapid changes. Consultation with a professional financial advisor is recommended before making trading decisions.
CME_MINI:ES1!Short
by spytradingpro
1/17 Trading Plan for $ESH2024📊 Market Sentiment: Bearish Market sentiment for CME_MINI:ESH2024 Futures is influenced by the Federal Reserve's approach to rate cuts, global economic slowdown, China's economic policy, shifts in market sectors, and developments in the wind energy sector. 🌍 Global Financial and Economic News: Federal Reserve's Cautious Approach to Rate Cuts: The Federal Reserve's methodical stance on rate cuts has impacted market sentiment, leading to a downturn in stocks. Global Economic Slowdown: The World Bank's prediction of a continued global growth slowdown in 2024 adds to market uncertainties. China's Economic Outlook: China's post-COVID economic recovery, affected by real estate and export issues, is a focal point for investors. Sector Shifts in the Stock Market: Investors' movement away from Big Tech towards sectors like healthcare signals a significant market shift. Wind Energy Sector Outlook: An upgrade in the wind energy sector by Bank of America indicates a more optimistic future outlook for this industry. 📉 Support Levels to Watch: Key support levels for CME_MINI:ESH2024 include 4787, 4780-83, and 4757. 📈 Resistance Levels to Watch: Major resistance levels for CME_MINI:ESH2024 are identified at 4795, 4800-02, and 4833. 📅 Trading Plan for Thursday: Bull Case: The bull case involves maintaining key support levels, especially 4780-83, to facilitate an upward trend towards higher resistance points. Bear Case: The bearish scenario starts with the failure of support at 4780, potentially leading to a significant market downturn. Strategy: The plan focuses on adapting to market conditions within the choppy range of 4780-4817, with a cautious approach to trading in these unpredictable conditions. Key is to be flexible and responsive to real-time market dynamics. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Market conditions are dynamic and subject to rapid changes. Consultation with a professional financial advisor is recommended before making trading decisions.
CME_MINI:ES1!Short
by spytradingpro
1/15 Trading Plan - Monday Recap📊 Market Sentiment: Neutral Market sentiment for CME_MINI:ESH2024 Futures is shaped by a variety of factors, including sector rotation, inflation reports, earnings estimates, equity market outlook, and corporate earnings. These factors collectively influence investor behavior and market dynamics. 🌍 Global Financial and Economic News: Sector Rotation and Market Performance: A shift from Big Tech to sectors like healthcare is observed, with healthcare emerging as a strong performer. The overall market shows resilience with rallies in major indices. Inflation Reports and Federal Reserve's Rate Cuts: Upcoming inflation readings are anticipated to influence the Federal Reserve's policy decisions, particularly regarding rate cuts. Earnings Estimates and Market Volatility: The market's performance is expected to be closely tied to 2025 earnings expectations, with any deviations potentially causing volatility. Equity Market Outlook: Barclays projects a more sober equity market in 2024, with potential for healthy consolidation after a significant rally. Corporate Earnings and Financial Sector Performance: The performance of major financial institutions and companies in different sectors will provide insights into the overall market health. 📉 Support Levels to Watch: Key support levels for ES1! ESH2024 Futures include 4808, 4802, and 4796. 📈 Resistance Levels to Watch: Major resistance levels are identified at 4822, 4833, and 4860. 📅 Trading Plan for Thursday: Bull Case: The focus is on maintaining key support levels, particularly 4802 and 4808, to drive upward momentum and target higher resistance levels. Bear Case: The bearish scenario involves the failure of support levels, with a focus on potential breakdown trades and their associated risks. Strategy: The plan emphasizes flexibility and responsiveness to market conditions, with an eye on consolidation patterns and potential breakout or breakdown scenarios. Key is to adapt to real-time market dynamics around support and resistance levels. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Market conditions are dynamic and subject to rapid changes. Consultation with a professional financial advisor is recommended before making trading decisions.
CME_MINI:ES1!
by spytradingpro
1/12 Trading Plan - Friday Recap📊 Market Sentiment: Neutral Market sentiment for CME_MINI:ESH2024 is influenced by various factors, including geopolitical tensions, upcoming major elections, economic growth forecasts, market performance predictions, inflation and job market concerns, and oil price movements. 🌍 Global Financial and Economic News: Geopolitical Tensions and Elections: Ongoing conflicts and upcoming major elections in countries like the US, India, EU, and UK are closely watched for their potential impact on global markets. Economic Growth Forecasts: Morgan Stanley predicts a global growth slowdown, with Europe facing minimal growth due to energy supply shocks. Market Performance and Predictions: Varied predictions for major indices like the S&P 500 and the FTSE 100 indicate a mixed market outlook. Inflation and Job Market Concerns: The strong U.S. job market might sustain inflationary pressures, impacting Federal Reserve's rate decisions. Oil Prices and Market Movements: Rising oil prices due to geopolitical risks and mixed performance in stock markets are key factors affecting market dynamics. 📉 Support Levels to Watch: Key support levels include 4808, 4802, 4787, among others. These levels will be critical in determining potential buying points in the market. 📈 Resistance Levels to Watch: Major resistance levels are identified at 4813, 4821, 4832-34. These levels represent potential barriers where selling pressure might increase. 📅 Trading Plan for Thursday: Bull Case: The focus is on maintaining key support levels, particularly 4777 and 4802, to drive upward momentum and target levels like 4845 and 4860-68. Bear Case: The bearish scenario hinges on the failure of support levels, with 4777 as a critical point. Breakdown trades should be approached with caution and skill. Strategy: The plan emphasizes flexibility and responsiveness to market conditions, with an eye on consolidation patterns and potential breakout or breakdown scenarios. Key is to adapt to real-time market dynamics around support and resistance levels. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Market conditions are dynamic and subject to rapid changes. Consultation with a professional financial advisor is recommended before making trading decisions.
CME_MINI:ES1!
by spytradingpro
Reacceleration of inflation presents a trouble for the FEDYesterday, the market became slightly spooked by the release of higher-than-expected inflation numbers in the United States. The immediate reaction of the SPX to the news was negative, with the index erasing its early gains; the same price action could be observed in the Nasdaq 100 and Dow Jones Industrial Average. Nevertheless, market indices recovered much of their losses by the close and have been trending sideways. The reacceleration of inflation in the United States represents a hurdle for the FED in its quest to tame inflation (likely causing it not to cut interest rates at the next meeting at the end of January 2024 or in March 2024). In addition to that, it could shatter the investors’ expectations of premature rate cuts if no significant improvement is seen in the next print. In turn, that could negatively affect the stock market down the road. In regard to technicals, the resistance at $4,800 continues to play a crucial role; if the price manages to break above it and close there (ideally for at least two consecutive days), it will be very positive. The resumption of growth in RSI, MACD, and Stochastic on the daily chart will also bolster a bullish case. However, the flattening of these indicators and a failure of the RSI to break above 70 points will be slightly concerning. Illustration 1.01 Illustration 1.01 shows the 5-minute graph of the SPX. The yellow arrow indicates the moment when inflation numbers were released in the United States. Technical analysis Daily time frame = Neutral Weekly time frame = Neutral Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
SP:SPX
by Tradersweekly
8
4750 Target met, trends in some conflict nowSo, we did hit that 4750 range, and ended up hitting it within just a few hours of my assessment that was the next area for us to head. That opens up a few trends to take us lower, specifically the 1hr and 2hr, as seen below in the trends; Last Macro Trend Signal Spots (ES Contract) 30m - 4722 Downtrend (1/8/2024) Lower Low 1Hr - 4757 Uptrend (1/5/2024) Lower High 2Hr - 4757 Uptrend (1/5/2024) Lower High 3Hr - 4808 Downtrend (12/29/2023) Higher Low 4Hr - 4808 Downtrend (12/29/2023) Higher Low 6Hr - 4759 Downtrend (12/20/2023) Higher Low 12Hr - 4762 Uptrend (1/3/2024) Higher Low Daily - 4378 Uptrend (11/3/2023) Higher High Weekly - 4769 Uptrend (12/11/2023) Higher High So now the shorter timeframe trends are in some conflict with the longer timeframe trends, and being I capitalized well last week, I am in no rush to get between this fight. Economic Data; I could see the public debt today being a big issue, but the major one this week will be CPI data on Thursday, as covered in the video. Geopolitical tensions in the Middle East continue to be a concern as well. My sentiment is; Shorter Term - Neutral Short Term - Neutral Medium Term - Neutral/Bullish Long Term - Bullish Safe trading, and remember your risk management.
CME_MINI:ES1!
by SemperTrader
3
1/11 - Thursday Trading Plan for ESH2024📊 Market Sentiment: Neutral to Bullish Market sentiment CME_MINI:ESH2024 is currently shaped by various factors including the latest US inflation data, Federal Reserve's potential rate cuts, the kickoff of the earnings season, Asia-Pacific market movements, and global economic growth projections. 🌍 Global Financial and Economic News: US Inflation Data: The CPI showed a higher-than-expected annual rate, indicating persistent inflation, which could influence the Federal Reserve's interest rate decisions. Federal Reserve Rate Cuts: Market anticipation for potential rate cuts is high, with investors closely monitoring economic indicators. Earnings Season Kickoff: Reports from JPMorgan, Delta Air Lines, and Citigroup are expected, which could significantly impact market sentiment. Asia-Pacific Market Movements: Notable gains in Japan's Nikkei 225 and mixed movements in other indices, with the Bank of Korea holding interest rates steady. Global Economic Growth Projections: Slowing global economic growth due to high interest rates and geopolitical risks is expected. 📉 Support Levels to Watch: Key support levels include 4808-10, 4787, 4778-81. These levels will be critical in determining potential buying points in the market. 📈 Resistance Levels to Watch: Major resistance levels are identified at 4820, 4834, 4860-66. These levels represent potential barriers where selling pressure might increase. 📅 Trading Plan for Thursday: Bull Case: Following the CPI release, the key for bulls is maintaining support levels, particularly 4787 and 4808-10, to sustain the upward momentum towards the 4835 level. Bear Case: The bear case involves the failure of support levels, especially in the context of CPI data volatility, with a focus on potential breakdown trades. Strategy: Caution is advised due to the complexity of trading on CPI release days, with a focus on failed breakdowns and consolidation patterns. The plan emphasizes protecting profits and adapting to real-time market conditions, particularly around key support levels. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Market conditions are dynamic and subject to rapid changes. Consultation with a professional financial advisor is recommended before making trading decisions.
CME_MINI:ES1!
by spytradingpro
1/10 Trading Plan - Tuesday Recap and Wednesday Trading Plan📊 Market Sentiment: Mixed Various factors are shaping the market sentiment, including global economic slowdown, inflation trends, interest rate outlook, stock market performance, and political and geopolitical risks. 📝 Today's Recap The focus is on consolidation and range expansion, with potential trading opportunities at key support and resistance levels. The plan emphasizes flexibility and responsiveness to market conditions, especially regarding the key support at 4785. 🌍 Global Financial and Economic News Global Economic Slowdown: The UN predicts a decrease in global growth from 2.7% in 2023 to 2.4% in 2024, influenced by high-interest rates and potential conflict escalations. Inflation Trends: While global inflation is expected to decline, it remains high in many developing countries, with significant impacts, especially in the least developed regions. Interest Rate Outlook: Divergence in expectations around interest rate cuts exists between market participants and central banks, affecting market sentiment. Stock Market Outlook: Equity markets, particularly the S&P 500, face a mixed outlook for 2024, with moderate earnings growth anticipated. Political and Geopolitical Risks: Significant political events, including major elections and ongoing global conflicts, pose risks to market stability. 📉 Support Levels to Watch Key support levels are identified at 4791, 4785-87, and 4777. The significance of these levels lies in their potential to indicate where buying might occur. 📈 Resistance Levels to Consider Key resistance levels are identified at 4795, 4802, and 4815. These levels are crucial as they represent potential selling points in the market. 📝 Trading Plan for Wednesday Bull Case: Bulls are in control above 4735, and the current market structure may be forming a large bull flag, indicating potential for upward movement. Bear Case: Short-term bearish scenarios hinge on the failure of support levels, particularly 4785, which could lead to breakdown trades. 🛑 Disclosure This analysis is for educational purposes only and is not financial advice. Market conditions are dynamic and subject to rapid changes. Always consult with a professional financial advisor before making trading decisions, and remain adaptable in the face of market volatility.
CME_MINI:ES1!
by spytradingpro