1/26 Friday Trading Plan

SPDR S&P 500 FUTURES ESH2024 & SPY ETF - Market Update

📊 Market Sentiment: Bullish

🌍 Global Financial and Economic News:

  • Geopolitical Risks and Elections: OPEC+ decisions, US-China tensions, and the impact of global elections, including the US presidential race, are key factors affecting market movements.

  • Economic Growth Forecasts and Predictions: Morgan Stanley's predictions, Société Générale's outlook, and S&P 500 target projections provide a comprehensive view of expected economic growth.

  • Banking Sector Performance: Analysis of major banks' performances and their broader implications for investment strategies in the financial industry.

  • Market Performance and Analyst Calls: Highlights include analyst upgrades for Netflix and AMD, with significant attention on major companies like Apple, Netflix, Nvidia, Uber, Tesla, Microsoft, Amazon.

  • Sector-Specific Trends and Opportunities: Focus on the global battery sector, AI infrastructure growth, and electric vehicle market in China, particularly Xpeng's potential rally.

📉 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.