1/23 Wednesday Trading Plan

📊 Market Sentiment: Bullish

🌍 Global Financial and Economic News:

• Economic Growth Reports: Impact of GDP growth data from major economies on market volatility and investment strategies.

• Central Bank Announcements: Influence of central bank policies on financial markets, including currency values and stock prices.

• Corporate Earnings: Role of earnings reports in driving market sentiment and stock price movements.

• Geopolitical Events: Effect of geopolitical tensions on market uncertainty and investor confidence.

• Commodity Price Fluctuations: Impact of changes in commodity prices on various economic sectors.

• Kiplinger Predictions for 2024: Insights into economic trends affecting market movements, including predictions on the economy, work-from-home trends, rents, and cryptocurrency growth.

• UN Economic Prospects 2024 Report: Overview of global economic challenges and their implications for market performance.

• World Bank Economic Outlook: Analysis of global economic trends and forecasts, emphasizing the slowest GDP growth in 30 years.

• Forbes on Banking and Financial Services Trends: Exploration of technological and regulatory developments in the financial industry.

• Stanford SIEPR Economic Trends: Research-based insights into key economic challenges and opportunities in the current year.

📉 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.