π Market Sentiment: Bullish
π Global Financial and Economic News:
π Support Levels to Watch:
π Resistance Levels to Watch:
π Trading Plan for Thursday:
π 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.
π 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.
π Support Levels to Watch:
- 4898
- 4891-92 (Major)
- 4888
- 4882
- 4877 (Major)
π Resistance Levels to Watch:
- 4908 (Major)
- 4914
- 4925-28 (Major)
- 4936
- 4941
π 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.
π 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.