1/11 - Thursday Trading Plan for ESH2024
📊 Market Sentiment: Neutral to Bullish
Market sentiment
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.
Market sentiment
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.
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