12/13 Trading Plan - Wednesday Recap and Day Ahead

13 de dez. de 2023

📊 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

• 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:

1. EMA 9, 21, 55: Indicating a bullish sentiment with closing prices comfortably above these EMAs.
   
2. 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.