1/15 Trading Plan - Monday Recap

📊 Market Sentiment: Neutral

Market sentiment for $ESH2024 Futures is shaped by various 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.