1/30 Monday Trading Plan

📊 Market Sentiment: Neutral to Bullish

• Anticipated Economic Slowdown in 2024: Predicted slower growth due to higher interest rates and various economic factors.

• Federal Reserve's Interest Rate Policy: Continued high rates to manage inflation, impacting borrowing and economic activity.

• Current Mortgage Rates: Decrease in mortgage rates suggests positive implications for the housing market.

📝 Today's Recap:

• Tech Giants' Earnings Reports: Microsoft, Alphabet, and other tech companies' earnings are key indicators for the tech sector's performance.

• Current Job Market Status: Strong U.S. job market with low unemployment rates across sectors.

• Tech Layoffs: Large-scale layoffs in the tech sector due to over-hiring and inflation.

🌍 Global Financial and Economic News:

• Economic Data Reports: GDP, housing, and inflation reports provide insights into economic health.

• International Relations and Policy: Ongoing geopolitical tensions and their economic impact.

• Corporate Earnings and Market Movements: Insights from major corporate earnings influencing market trends.

📉 Support Levels to Watch:

• 4949, 4940-42 (Major)

• 4936 (Major), 4925-27 (Major)

• 4921, 4914, 4909

📈 Resistance Levels to Watch:

• 4954 (Major), 4959

• 4963 (Major), 4968

• 4973, 4977-79 (Major)

📅 Trading Plan for Tuesday:

• Bull Case: Maintaining support above 4895 to foster continued upward momentum.

• Bear Case: Monitoring for breakdowns below key support levels, indicating potential market shifts.

• Strategy: Focus on key support and resistance levels, adapting to real-time market conditions.

🛑 Disclaimer: This analysis is for educational purposes only and is not financial advice. Always consult with a professional financial advisor before making trading decisions.