1/8 Trading Plan - Last Week Recap and Monday Trading Plan
📊 Market Sentiment: Cautious Watchfulness Amidst Global Changes
The markets are attentively eyeing the evolving geopolitical landscape and economic indicators. With global elections and central bank policies in focus, investors are navigating through a blend of optimism and careful scrutiny.
📝 Today's Recap
Late in the day, some long exposure was added back at 4727, reflecting a cautious optimism and readiness to leverage any positive shifts. As the market oscillates between the identified support and resistance levels, traders are advised to maintain a disciplined approach, especially in potentially choppy zones.
🌍 Global Financial and Economic News
Geopolitical Tensions and Elections: Markets are closely monitoring the ongoing geopolitical issues and upcoming major elections, which contribute to the current sense of uncertainty.
Central Bank Policies and Interest Rates: There's a growing anticipation that the Federal Reserve and other central banks might pivot to interest rate cuts, potentially easing the economic landscape.
Economic Growth Outlook: Despite the mixed forecasts for 2024, some optimism persists, with analysts expecting varying degrees of economic performance and inflation dynamics.
Stock Market Performance: The stock market enters 2024 on the back of a strong previous year, but with cautious sentiments about the potential for volatility and corrections.
Influencer Advertising and the Creator Economy: The continued growth in influencer advertising and the creator economy marks a shift in marketing strategies and consumer engagement.
📉 Support Levels to Watch
The market's response to the key support levels at 4735, 4728, 4709, and particularly 4698-94 will be critical in shaping the next moves. Traders are eyeing these levels for potential long positions or further sell-offs, depending on market behavior.
📈 Resistance Levels to Consider
Resistance levels at 4741, 4746, and 4757, among others, are on watch. A reclaim of these levels could signify a bullish sentiment, while failure might reinforce bearish trends.
📝 Trading Plan for Monday
Bull Case: Bulls aim to maintain control and push for a recovery, ideally holding above critical supports and targeting key resistance zones for potential rallies.
Bear Case: Bears are watching for breaks below significant supports as confirmation of continued downtrend, prepared to capitalize on breakdown trades despite their inherent risks.
🛑 Disclosure
This is not financial advice and is for educational purposes only. Market sentiment and strategies are dynamic and can change swiftly. Consult a professional financial advisor before making any trading decisions and remain vigilant, especially in times of market volatility and ahead of major economic announcements.
The markets are attentively eyeing the evolving geopolitical landscape and economic indicators. With global elections and central bank policies in focus, investors are navigating through a blend of optimism and careful scrutiny.
📝 Today's Recap
Late in the day, some long exposure was added back at 4727, reflecting a cautious optimism and readiness to leverage any positive shifts. As the market oscillates between the identified support and resistance levels, traders are advised to maintain a disciplined approach, especially in potentially choppy zones.
🌍 Global Financial and Economic News
Geopolitical Tensions and Elections: Markets are closely monitoring the ongoing geopolitical issues and upcoming major elections, which contribute to the current sense of uncertainty.
Central Bank Policies and Interest Rates: There's a growing anticipation that the Federal Reserve and other central banks might pivot to interest rate cuts, potentially easing the economic landscape.
Economic Growth Outlook: Despite the mixed forecasts for 2024, some optimism persists, with analysts expecting varying degrees of economic performance and inflation dynamics.
Stock Market Performance: The stock market enters 2024 on the back of a strong previous year, but with cautious sentiments about the potential for volatility and corrections.
Influencer Advertising and the Creator Economy: The continued growth in influencer advertising and the creator economy marks a shift in marketing strategies and consumer engagement.
📉 Support Levels to Watch
The market's response to the key support levels at 4735, 4728, 4709, and particularly 4698-94 will be critical in shaping the next moves. Traders are eyeing these levels for potential long positions or further sell-offs, depending on market behavior.
📈 Resistance Levels to Consider
Resistance levels at 4741, 4746, and 4757, among others, are on watch. A reclaim of these levels could signify a bullish sentiment, while failure might reinforce bearish trends.
📝 Trading Plan for Monday
Bull Case: Bulls aim to maintain control and push for a recovery, ideally holding above critical supports and targeting key resistance zones for potential rallies.
Bear Case: Bears are watching for breaks below significant supports as confirmation of continued downtrend, prepared to capitalize on breakdown trades despite their inherent risks.
🛑 Disclosure
This is not financial advice and is for educational purposes only. Market sentiment and strategies are dynamic and can change swiftly. Consult a professional financial advisor before making any trading decisions and remain vigilant, especially in times of market volatility and ahead of major economic announcements.
