Trading Plan for Thursday, April 4th, 2024 Market Sentiment: Uncertain, as traders weigh consolidation signs against the underlying bullish trend. Weekly Volatility Risk: High (consolidation phase, earnings, Fed uncertainty) Key Supports Support Levels: 5266, 5257(major), 5246, 5241 (major), 5235 (major), 5231, 5222 (major), 5212 (major), 5208, 5203, 5196,...
Trading Plan for Wednesday, April 3rd, 2024 Market Sentiment: Cautious, price discovery after pullback in a strong uptrend. Weekly Volatility Risk: High (price discovery, earnings season, potential FOMC pivot implications) Supports to Watch: Immediate Supports: 5245-5242 (major), 5235, 5232 (major), 5219, 5210-12 (major), 5203 (major), 5190, 5183, 5175-77...
Trading Plan for Tuesday, April 2nd, 2024 Market Sentiment: Cautious, tactical trading within a range, price discovery in the context of a strong uptrend. Weekly Volatility Risk: High (price discovery in a new zone, potential chop) Supports to Watch: Immediate Supports: 5294, 5286 (major), 5278-80 (major), 5274, 5267 (major), 5262, 5256, 5249, 5243-46...
Trading Plan for Monday, April 1st, 2024 Market Sentiment: Cautious, price discovery ahead of reopening after long weekend Weekly Volatility Risk: High (price discovery holiday, heightened with geopolitical backdrop) Supports to Watch: Immediate Supports: 5307 (major), 5299-5302 (major), 5293, 5287 (major), 5280, 5275 (major), 5270, 5261, 5267, 5252 (major),...
Trading Plan for Thursday, March 28th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5307, 5302, 5296-5299 (major), 5293, 5288 (major), 5284, 5280, 5274 (major), 5268-70 (major), 5265, 5258 (major), 5245-47 (major), 5240, 5235 (major), 5230, 5217, 5213-16 (major), 5208 (major), 5203, 5190-93 (major),...
Trading Plan for Wednesday, March 27th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5266 (major), 5258, 5247 (major), 5242, 5233-36 (major), 5221, 5213, 5206-10 (major), 5198, 5188-91 (major), 5181, 5172, 5167-69 (major), 5162, 5153-55 (major), 5146, 5137, 5126 (major), 5119 (major), 5109 Resistances to...
Trading Plan for Tuesday, March 26th, 2024 Market Sentiment: Cautious, consolidation after rally Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5274-76 (major), 5267, 5263 (major), 5257, 5247-51 (major), 5243, 5235, 5228 (major), 5221, 5217, 5212, 5200-03 (major), 5194, 5190 (major), 5179, 5171, 5167 (major), 5163, 5152-55 (major), 5147,...
Trading Plan for Monday, March 25th, 2024 Market Sentiment: Cautious, watching key support levels after the rally Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5284-88 (major), 5276, 5259 (major), 5245-48 (major), 5236, 5230, 5219-21 (major), 5213, 5208, 5200-5197 (major), 5191, 5186, 5177, 5168-71 (major), 5163, 5155, 5145...
Trading Plan for Friday, March 22nd, 2024 Market Sentiment: Cautious, watching key support levels Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5302 (major), 5298, 5286, 5282-79 (major), 5275, 5257, 5246-49 (major), 5236 (major), 5231, 5225, 5218 (major), 5212, 5208 (major), 5203, 5191-94 (major), 5179, 5169-71 (major), 5162, 5153-55...
Trading Plan for Thursday, March 21st, 2024 Market Sentiment: Cautious, price discovery after breakout Weekly Volatility Risk: High (potentially elevated due to price discovery post-breakout) Supports to Watch: Immediate Supports: 5275-80 (major), 5266-68, 5260, 5251 (major), 5246, 5236, 5231, 5221-26 (major), 5217, 5212 (major), 5200-02 (major), 5196,...
Trading Plan for Wednesday, March 20th, 2024 Market Sentiment: Extremely cautious ahead of FOMC decision Weekly Volatility Risk: Extremely High (FOMC) Supports to Watch: Immediate Supports: 5236, 5230, 5220-17 (major), 5212, 5209 (major), 5202, 5196, 5192 (major), 5184, 5169-71 (major), 5162, 5155-57 (major), 5147, 5137 (major), 5126 (major), 5117, 5100-03...
Trading Plan for Tuesday, March 19th, 2024 Market Sentiment: Cautious ahead of FOMC decision Weekly Volatility Risk: High (amplified by FOMC) Supports to Watch: Immediate Supports: 5209, 5203 (major), 5191, 5182-77 (major support/triangle), 5171, 5165, 5157-55 (major), 5147, 5136, 5124-26 (major), 5115 (major), 5109, 5103, 5095 (major), 5087, 5083 (major),...
Trading Plan for Monday, March 18th, 2024 Market Sentiment: Cautious, watching key support levels Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5171-73 (major), 5167, 5162, 5152-55 (major), 5147, 5136, 5127 (major), 5115 (major), 5109, 5104, 5092 (major), 5083 (major). Resistances to Monitor: Key Resistances: 5181, 5191, 5202 (major),...
Trading Plan for Friday, March 15th, 2024 Market Sentiment: Cautious on OPEX Friday Weekly Volatility Risk: High (amplified by OPEX) Supports to Watch: Immediate Supports: 5213 (major), 5207, 5200 (major), 5196, 5192 (major), 5181, 5176, 5165 (major), 5160, 5152, 5146 (major), 5141, 5136, 5126, 5119, 5109-11 (major), 5102, 5091 (major), 5086-88...
Trading Plan for Thursday, March 14th, 2024 Market Sentiment: Cautious, watching for breakout direction Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5230-28 (major), 5220, 5213, 5202-07 (major), 5191, 5180-83 (major), 5167, 5162, 5156 (major), 5148, 5144, 5136, 5126 (major), 5115, 5108, 5103, 5088-91 (major), 5083 (major), 5076, 5071,...
Trading Plan for Wednesday, March 13th, 2024 Market Sentiment: Neutral to Bullish Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5235, 5230, 5221 (major), 5214, 5207 (major), 5202, 5196, 5191 (major), 5181, 5175 (major), 5167, 5162, 5155 (major), 5148 (major), 5137 (major), 5125, 5115 (major), 5109, 5103, 5097, 5090 (major), 5082, 5077-80...
Trading Plan for Tuesday, March 12th, 2024 Market Sentiment: Cautious Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5181 (major), 5176, 5168 (major), 5163, 5155, 5149, 5140 (major), 5136, 5126 (major), 5115, 5110, 5103 (major), 5092-95 (major), 5082, 5077 (major), 5067, 5056, 5047, 5038-41 (major) Resistances to Monitor: Key...
Trading Plan for Monday, March 11th, 2024 Market Sentiment: Neutral to Bullish Weekly Volatility Risk: High Supports to Watch: Immediate Supports: 5196, 5187 (major), 5181, 5176, 5168 (major), 5163 (major), 5155, 5147, 5140, 5136, 5131, 5126 (major), 5116, 5108, 5103, 5095, 5090 (major), 5084 (major), 5076, 5072 (major). Resistances to Monitor: Key...