📊 Market Sentiment: Neutral to Bullish
📈 The Markets Overnight
🌏 Asia: Mixed, China down a lot
🌍 Europe: Up a bit
🌎 US Index Futures: Up a bit
🛢 Crude Oil: Up a bit
💵 Dollar: Down slightly
🧐 Yields: Down
🔮 Crypto: Down
🌏 Major Global Catalysts
📷 Snapshot
Daily Data Sentiment Analysis:
4-Hour Data Sentiment Analysis:
📉 Support Levels
📈 Resistance Levels
📝 Trading Plan
Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decision.
📈 The Markets Overnight
🌏 Asia: Mixed, China down a lot
🌍 Europe: Up a bit
🌎 US Index Futures: Up a bit
🛢 Crude Oil: Up a bit
💵 Dollar: Down slightly
🧐 Yields: Down
🔮 Crypto: Down
🌏 Major Global Catalysts
- COP28 deal calls for the tripling of renewable energy capacity by 2030 and the eventual phase-out of fossil fuels.
- Today’s quarterly FOMC Economic Projections will contain an updated Dot Plot showing projects for the future of the Fed Funds Rate.
📷 Snapshot
Daily Data Sentiment Analysis:
- EMA 9, 21, 55: Indicating a bullish sentiment with closing prices comfortably above these EMAs.
- Overall Sentiment: Bullish.
4-Hour Data Sentiment Analysis:
- EMA 9, 21, 55: Also showing a bullish trend.
- Overall Sentiment: Bullish.
📉 Support Levels
- Major: 4758-60, 4734, 4710
- Minor: 4743, 4720, 4701
📈 Resistance Levels
- Major: 4772, 4780-85, 4808
- Minor: 4793, 4812, 4820
📝 Trading Plan
- Bullish Scenario: For bullish scenarios, holding above major supports such as 4758-60 and then pushing towards levels like 4772.
- Bearish Scenario: For bearish scenarios, a focus on support failures, particularly at 4710-12, would signal a potential trend change and warrant a shift towards short positions.
Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decision.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.