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- 1/26 Friday Trading Plan
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.