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2/19-2/20 Monday and Tuesday Trading PlanApologies for the formatting today. TradingView has a formatting bug in their editor and this is the only way to publish until it's been resolved. Market Sentiment: Neutral to Bearish Vanguard's Economic Outlook: U.S. Consumer Health: Entering 2024, U.S. consumers remain financially healthy, potentially bolstering or stabilizing economic growth despite recession risks. S&P 500 Earnings Growth: Earnings Expectations: Wall Street's anticipation of double-digit earnings growth in 2024 and 2025, with the risk of market corrections if these expectations are not met. Stock Market Performance: Bullish Momentum: The S&P 500's continued growth into January 2024, reaching new highs amid a robust U.S. economy and mixed earnings reports. Federal Reserve's Interest Rate Outlook: Speculation on Rate Cuts: Market optimism for potential Fed rate cuts in 2024, tempered by analysts' caution over premature expectations. Tech Stock Valuations: Sustainability Concerns: Warnings about the sustainability of gains in major technology stocks, given their valuations. S&P 500 Milestone: Historic High: The index breaking above 5,000, signaling investor optimism and potential for further gains. Asian Currencies and Fed Rate Cuts: Currency Impacts: Potential benefits for certain Asian currencies from anticipated Federal Reserve rate cuts. France's Economic Growth Outlook: Growth Revision: France's lowered economic growth outlook for 2024, with implications for President Macron's economic strategy. European Banks' Profits: Record Profits: European banks' profits exceeding 100 billion, largely benefiting from rising interest rates. Regulatory Actions: Property and Tech Regulations: Expected UK curbs on short-term property rentals and EU fines on Apple, reflecting regulatory trends. Trading Plan for Monday/Tuesday: Support Levels to Watch: Critical Supports: 5016-18 and 4998, serving as pivotal points for market stability and potential shifts. Resistance Levels to Watch: Key Resistances: 5046-48 and 5055-58, acting as barriers to upward market movements and indicators of sentiment shifts. Trading Strategy: Holiday Session Caution: Emphasis on cautious trading during low volume holiday sessions, with a focus on capital preservation and disciplined trading within identified support and resistance levels. Tactics: Focus on disciplined trading within identified support and resistance levels, prepared to adapt quickly to market dynamics, especially in light of holiday sessions and OPEX Fridays. Disclaimer: This analysis is for educational purposes only and is not financial advice. Consult a professional financial advisor before making any trading decisions.
CME_MINI:ESH2024Short
by spytradingpro
#ES_F Day Trading Prep Week 02.11 - 02.16Lets check out market structure from last week and see what we can lean on this week. Last Week : Last week started off at VAL of current HTF Range, market opened Sunday over Key area but wasn't able to hold over which provided sells back towards the Edge but was only able to hit a couple lower targets before it found more buying at and over the Edge which told us we weren't ready to continue lower from there. Once we got over and held 72-67 area as Support which brought in more buying, we took out 88-84 Resistance which trapped shorts below and gave a nice push towards higher targets. We hit resistance at Key Area of 5019-13.75 but market again wasn't able to get back under the mean and instead we created a cost basis, got over Key Resistance and pushed to test VAH. First VAH Test in Pre-market gave a nice sell back into previous Key Resistance but failed to break making it our Support, once selling over 28.50-34 area ran out we were able to continue to next level up at 48.75-45.75 which provided Resistance for the day. This Week : So far Friday market was able to hold VAH and gave a push over it end of day. Going into this week we have a Cost Basis at the Mean area of the HTF Range and we have our Key HTF Edge right above us which is a great spot for profit taking from size longs. This to me is kind of hinting on possible balance action inside our new range which is 5013.75 - 5066. Cost Basis at the Mean could provide the needed Support and the selling from/under the Edge could provide the needed resistance to keep us inside this range until we either have enough Supply/Volume to break back under and continue towards VAL or give another consolidation and if more buying comes in try to push through the Edge. I feel like this Edge is the one that will kind of stop this train from going further, of course we never know and can continue if buying comes in but if not this is a perfect spot for market to find good HTF Resistance and start a distribution process under it filling in the shorts who got trapped on the way up, holding the market here will also bring in new buyers as well who will be looking for continuation higher towards 5100 but if they aren't strong enough to actually push us through this area then that would be our Supply when we are ready to accept back in Value and head for VAL. This might take time to play out and wont be surprised if we spend the whole week in this current Range without acceptance over/under for now. We could see tests out of Key areas but need to be careful for continuations from them. I will be looking to trade back and forth level to level inside this 5066 - 5013.75 Range until I see acceptance over/under. Levels to Watch: Current Resistance 5048.75 - 45.75 Key Resistance 5065.75 - 60.75 IF Accept Over Next Level up is 5077.75-81 Area Current Support 5034 - 31 - 28.50 Area Key Support 5019 - 13.75 Would need to hold under to see anything lower IF it does levels under are 5001.75 - 4997.75 // 4988-84.25
CME_MINI:ES1!
by HollowMn
2
2/15 Friday Trading Plan📊 Market Sentiment: Neutral to Bearish OPEX Day = High Volatility Things could go either way today, so exercise extreme caution. I do not trade on OPEX days. The last hour of the trading session will be a determining factor on where we're headed next week. Stock Market Outlook: Earnings Growth Expectations: Wall Street's anticipation of double-digit earnings growth for the S&P 500 in 2024 and 2025, coupled with the risk of a significant correction if these expectations are not met, underscores the market's current optimism and potential volatility. Federal Reserve's Rate Cut Speculation: The bullish momentum of the S&P 500 is partly driven by expectations of a Federal Reserve pivot, yet concerns arise that the market may be overly optimistic about the timing and justification of rate cuts. U.S. Consumer Spending: Sustained Strong Spending: Despite the surge in household debt, strong consumer spending supported by job gains and lower inflation fuels speculation about a potential "soft landing" in 2024. Federal Reserve and Inflation: Progress on Inflation: The Federal Reserve's actions have led to a reduction in inflation levels, though still above the target, raising speculation about possible rate cuts in response to economic conditions. Recession Risks: High Recession Probability: Rosenberg's prediction of an 85% chance of a recession in 2024 based on comprehensive economic indicators highlights the underlying risks in the current economic environment. Global Economic Outlook: Challenges to Global Growth: Tight monetary policy and geopolitical uncertainty continue to pose risks to global economic growth, with specific challenges facing economies like Japan and expectations of subdued global growth in 2024. Asian Markets: Wall Street's Rally Influence: Asian shares, particularly Japan's Nikkei, reflecting Wall Street's rally despite Japan's economic contraction, emphasize the interconnectedness of global markets. Corporate News: Semiconductor Sector Optimism: Applied Materials Inc.'s bullish revenue forecast highlights the sector's growth potential amid increased investments in semiconductor production. Energy and Commodities: Oil Price Fluctuations: The slight declines in U.S. benchmark crude and Brent crude prices reflect the ongoing volatility in the energy market. Currency Markets: Dollar's Movement: The U.S. dollar's performance against major currencies underscores the currency market's sensitivity to economic data and policy decisions. 📈 Trading Plan for Friday: Support Levels to Watch: Key Supports: 5010 and 4998-5000, serving as crucial points for gauging market stability or signaling potential shifts. Resistance Levels to Watch: Critical Resistances: 5046-48 and 5063-65, acting as barriers to upward market movements and indicators of potential shifts in sentiment. Trading Strategy: OPEX Friday Caution: The emphasis on capital preservation and cautious trading in light of OPEX Friday and the recent market rally. Bull Case: Monitoring the market's ability to maintain above key support levels for a continued rally, with an eye on reclaiming resistance levels for sustained momentum. Bear Case: Preparation for a downward trend should key support levels, particularly 4998-5000, fail to hold, signaling deeper market corrections. Tactics: Focus on disciplined trading within identified support and resistance levels, prepared to adapt quickly to market volatility and OPEX day dynamics. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Consult a professional financial advisor before making any trading decisions.
CME_MINI:ESH2024Short
by spytradingpro
2/15 Thursday Trading Plan📊 Market Sentiment: Neutral to Bearish U.S. Economic Projections: Rosenberg's Recession Warning: Forecasts an 85% chance of a recession in 2024, highlighting financial conditions and the yield curve as critical indicators. Global Economic Outlook: Tight Monetary Policy Impact: The World Economic Situation and Prospects report underscores the impact of tight monetary policy and geopolitical uncertainty on global growth. Japan's Economic Status: Shift in Global Rankings: Japan's economy contracted, marking a technical recession and positioning it as the world's fourth-largest economy. Stock Market Movements: Market Optimism vs. Volatility: Despite recent gains, there's caution over volatility and market corrections tied to central bank actions. Cryptocurrency Market: Bitcoin's Resurgence: A significant recovery for Bitcoin, reflecting renewed investor confidence in cryptocurrencies. Corporate Earnings and Job Cuts: Mixed Corporate Sentiment: A strong earnings season faces pressure from potential rate cut delays and job cuts in response to economic conditions. Inflation and Monetary Policy: Central Bank Challenges: Inflation data has led to uncertainty about the Federal Reserve's rate cut timeline, impacting markets and treasury yields. Geopolitical Tensions: Stability Concerns: Ongoing conflicts and tensions underscore the importance of geopolitical stability for economic confidence. 📈 Trading Plan for Thursday: Support Levels to Watch: Key Supports: 5010, 4998-5000, and 4984, serving as crucial points for maintaining current market stability or signaling potential shifts. Resistance Levels to Watch: Critical Resistances: 5018 and 5034-36, acting as barriers to upward market movements and indicators of potential shifts in sentiment. Trading Strategy: Post-Inflation Data: The unexpected inflation report necessitates a cautious trading approach, with emphasis on navigating potential volatility. Bull Case: Monitoring the market's ability to maintain above 5010 and potentially reclaim key resistance levels for a continued rally. Bear Case: Preparation for a downward trend should key support levels, particularly 4998-5000, fail to hold, signaling deeper market corrections. Tactics: Focus on disciplined trading within identified support and resistance levels, prepared to adapt quickly to market volatility following economic data releases. 🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Consult a professional financial advisor before making any trading decisions.
CME_MINI:ESH2024Short
by spytradingpro
5
2/14 Wednesday Trading Plan📊 Market Sentiment: Neutral to Bearish U.S. Economic Projections: Congressional Budget Office (CBO) Outlook: Projects a slowdown in 2024 with a potential rebound in 2025 as the Federal Reserve lowers rates. The 2024 deficit is anticipated to be smaller than previously estimated, indicating a cautious approach towards monetary policy. Stock Market Performance: Inflation's Impact: Unexpectedly high January inflation led to significant market corrections, with the Dow experiencing a notable drop. Tech stocks, including giants like Apple and Amazon, were particularly affected. Interest Rates and Inflation: Federal Reserve's Stance: The anticipation of the Fed's rate cuts has been postponed due to the inflation report, affecting Treasury yields and the overall market sentiment. Investment Trends and Strategies: 2024 Outlook: Analysts remain cautiously optimistic, with AI in finance, digital currencies, and sector-specific strategies being highlighted as key investment trends. Corporate News and Global Market Trends: Corporate Movements: Notable acquisitions and earnings reports, such as KKR's stake in Cotiviti and ABN AMRO's profit beat, influence market dynamics. Global shares showed mixed responses to U.S. inflation data. Recession Concerns and Geopolitical Factors: Economic Risks: Ongoing geopolitical conflicts and concerns over a potential recession in 2024 continue to pose uncertainties for the global economy. 📈 Trading Plan for Wednesday: Support Levels to Watch: Critical Supports: 4928-33 and 4956, serving as pivotal points for market stability or indicating potential downward trends. Resistance Levels to Watch: Key Resistances: 4969-71 and 5018, acting as barriers to upward movement and indicators of market sentiment shifts. Trading Strategy: Post-Inflation Report: Given the market's reaction to the inflation data, traders should adopt a cautious approach, prioritizing capital preservation. Bull Case: Focus on the market's ability to reclaim key resistance levels, particularly 5018, for a potential rally towards 5057 and beyond. Bear Case: Prepare for further declines if support levels, especially 4928-33, fail to hold, potentially signaling deeper market corrections. Tactics: Emphasize disciplined trading within identified support and resistance levels, with readiness to adapt to market volatility post-inflation report. 🛑 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:ESH2024Short
by spytradingpro
2/13 Tuesday Trading Plan📊 Market Sentiment: Neutral to Bearish Catalyst: The latest CPI results will be released this morning at 8:30 AM (EST). U.S. Economic Projections: Congressional Budget Office (CBO): Forecasts slower economic growth in 2024 with unemployment rising due to tight monetary policy, but expects growth rebound in 2025 as Federal Reserve lowers interest rates. Global Stock Market Movements: Fluctuations observed with the S&P 500 reaching record highs, driven by optimism and big tech performance. Nikkei 225 also sees significant gains. Interest Rates and Inflation: Inflation easing may lead Federal Reserve to begin rate cuts later in the year, fostering hope for resolution against inflation. Investment Trends and Strategies: Trends focus on AI's impact on finance, performance of digital and cryptocurrencies, and outlook for tech and ESG funds. AI in Finance: Vanguard incorporates AI into quant stock funds, highlighting the trend of AI integration into investment strategies. International Developments: Prime Minister Narendra Modi's engagements in the UAE and Qatar aim to deepen bilateral ties. Corporate Bonds and Insurance: U.S. investment-grade corporate bonds expected to offer impressive returns in 2024, while insurers may focus on margins over growth. UK Market and Employment: The UK's unemployment rate falls, indicating a tight job market. Wage growth and unemployment trends remain critical. 📈 Trading Plan for Tuesday: Support Levels to Watch: Critical Supports: 5034, 5018-20, and 4959, indicating pivotal points for maintaining bullish momentum or indicating potential bearish shifts. Resistance Levels to Watch: Key Resistances: 5048-50, 5057, and 5070-76, serving as potential targets for upward movement or reversal points for bearish trends. Trading Strategy: CPI Day Caution: Emphasize capital preservation, acknowledging potential volatility from CPI data release. Bull Case: Focus on holding above 5018-20 for bullish continuation, eyeing targets at 5057 and 5076-80. Bear Case: Watch for breach below 5018-20, indicating a shift towards bearish sentiment and potential deeper sell-off. Tactics: Emphasize disciplined trading within identified support and resistance levels, with cautious engagement in new positions given expected market volatility from CPI data. 🛑 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:ESH2024Short
by spytradingpro
2/12 Monday Trading Plan📊 Market Sentiment: Neutral Economic Data Releases: S&P Global Market Intelligence: Anticipated inflation and GDP data across Western economies, with U.S. CPI figures, UK GDP, inflation, labor market statistics, and Japan's GDP data in focus. Australia's Employment Data: Expected to show job growth, albeit at a softer pace. Market Sentiment and Indices: S&P Global Investment Manager Index: To provide insights into risk sentiment influenced by central bank policies, notably the Fed. S&P/TSX Composite Index: Watched closely alongside Canadian dollar and benchmark yield movements. Corporate News: Galp Energia SGPS SA: Warned of lower earnings for the year. Gilead Sciences' Acquisition: Announced a $4.3 billion deal for CymaBay Therapeutics. Market Movements: S&P 500: Indicating a strong bull market since October 2022 with 10 new highs in 16 days. Diamondback Energy's Acquisition: A significant $26 billion deal with Endeavor Energy Resources. Commodity Prices: Silver and Gold Prices: Declined amidst diminished expectations of Fed rate cuts. Global Market Updates: US Equities: Reached a more than two-year peak despite regional bank concerns and China’s market pressures. China's Consumer Prices: Highlighting deflation pressures with the fastest pace decline since the global financial crisis. Financial Services News: Oil Market: Observations on investors dumping oil following a U.S. refinery shutdown. U.S. Treasury Market: Treasury yields dipped as key economic data and Federal Reserve officials' comments are awaited. 📈 Trading Plan for Monday: Support Levels to Watch: Critical supports at 5039-40, 5028, and 5018-20, indicating pivotal points for maintaining bullish momentum. Resistance Levels to Watch: Key resistances at 5047, 5054, and 5065-70, serving as potential targets for upward movement. Trading Strategy: The strategy emphasizes capital preservation, acknowledging the chop range and potential for volatile movements. Bull Case: Focus on maintaining above 5028 for bullish market continuation. Bear Case: Watch for breach below 5028, indicating potential shift towards bearish sentiment. Tactics: Emphasize disciplined trading within identified support and resistance levels, with cautious engagement in new positions given the expected market chop. 🛑 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:ESH2024
by spytradingpro
2/9 Friday Trading Plan📊 Market Sentiment: Neutral Global Market Update: Steady European and U.S. stock-index futures amidst anticipation for U.S. inflation data signal cautious market sentiment. Canada-EU Trade Talks: Potential impact on trade dynamics and market sentiment could emerge from discussions at the CETA Joint Committee in Brussels. 📝 Today's Recap: Canadian Economic Data: Upcoming jobs numbers and senior loan officer survey results are likely to influence market perspectives on Canada's economic health. Earnings Reports: Earnings from Enbridge Inc., Telus Corp., Magna International Inc., and PepsiCo Inc. offer insights into sector-specific performances. 🌍 Global Financial and Economic News: Sports Betting Legislation: The slow legalization process in states like California and Missouri impacts the betting market and related sectors. Tesla's Elon Musk Compensation: Court ruling on Musk's compensation package raises discussions on executive remuneration and company performance correlation. 📉 Support Levels to Watch: 5009, 5000-4999, 4990: Key supports, with a focus on maintaining above 4990 for bullish market continuation. 📈 Resistance Levels to Watch: 5018, 5035, 5050: Critical resistances, indicating potential targets for upward movement if bullish momentum persists. 📅 Trading Plan for Friday: Approach: Capital preservation with minimal trading, acknowledging the current chop range and potential for volatile movements. Bull Case: Maintaining above 5000 signals continued bullish sentiment, targeting upward movements towards 5028 and beyond. Bear Case: Breach below 5000 may indicate a shift towards bearish sentiment, with potential for a pullback to lower support levels. Tactics: Emphasize disciplined trading within identified support and resistance levels, with cautious engagement in new positions given the expected market chop. 🛑 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:ESH2024
by spytradingpro
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