CME_MINI:ESH2024   E-mini S&P 500 Futures (Mar 2024)
πŸ“Š Market Sentiment: Bullish

🌍 Global Financial and Economic News:

  • U.S. Economy Growth Surpasses Expectations: The U.S. economy's better-than-expected growth rate of 3.3% in Q4 2023, surpassing predictions of 1.8% growth, could buoy investor confidence.
  • Comcast's Earnings and Broadband Subscribers: Comcast's stronger-than-expected earnings and subscriber data could impact the telecommunications sector and broader market sentiment.

πŸ“‰ Support Levels to Watch:

  • 4898
  • 4891-92 (Major)
  • 4888
  • 4882
  • 4877 (Major)

πŸ“ˆ Resistance Levels to Watch:

  • 4908 (Major)
  • 4914
  • 4925-28 (Major)
  • 4936
  • 4941

πŸ“… Trading Plan for Thursday:

  • Bull Case: Focus on maintaining support levels, especially above 4878, to continue the upward trend.
  • Bear Case: Watch for breakdowns below support levels, particularly at 4878, to identify bearish trends.
  • Strategy: Adapt to real-time market conditions, emphasizing level-to-level trading around key support and resistance levels.

πŸ›‘ 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.

Disclaimer

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