6/9: Daily Recap, Outlook, and Trading Plan
Recap
Yesterday, we were closely watching the rally in the S&P 500 futures with a target of 4304 from the 4268 support level. The market held strong at 4268 and managed to reach 4303, just shy of our target. Throughout the night, the market has been basing around this level, indicating a potential major breakout point.
The Markets Overnight
🌏 Asia: Up
🌍 Europe: Down
🌎 US Index Futures: Mostly up
🛢 Crude Oil: Down slightly
💵 Dollar: Up slightly
🧐 Yields: Up
🔮 Crypto: Up
World Headline
The bear market ends as the S&P500 gains 20% from the October low.
Key Structures
Major breakout point at 4303
Support Levels
Resistance Levels
Trading Plan
📈 Bulls 4303
Our plan for today is to closely monitor the 4288 and 4283 support levels. As long as 4283 holds, we can expect a break in play towards 4312 and potentially 4320 or higher.
📉 Bears 4283
4283 fails to hold, we may see a retest of the 4271 level.
Wrap Up
In conclusion, the market is currently at a critical juncture with a potential major breakout point around 4303. Keep a close eye on the support levels and adjust your trading plan accordingly. As always, trade with caution and stay disciplined.
Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decisions.
Yesterday, we were closely watching the rally in the S&P 500 futures with a target of 4304 from the 4268 support level. The market held strong at 4268 and managed to reach 4303, just shy of our target. Throughout the night, the market has been basing around this level, indicating a potential major breakout point.
The Markets Overnight
🌏 Asia: Up
🌍 Europe: Down
🌎 US Index Futures: Mostly up
🛢 Crude Oil: Down slightly
💵 Dollar: Up slightly
🧐 Yields: Up
🔮 Crypto: Up
World Headline
The bear market ends as the S&P500 gains 20% from the October low.
Key Structures
Major breakout point at 4303
Support Levels
- 4288, 4283
Resistance Levels
- 4312, 4320
Trading Plan
📈 Bulls 4303
Our plan for today is to closely monitor the 4288 and 4283 support levels. As long as 4283 holds, we can expect a break in play towards 4312 and potentially 4320 or higher.
📉 Bears 4283
4283 fails to hold, we may see a retest of the 4271 level.
Wrap Up
In conclusion, the market is currently at a critical juncture with a potential major breakout point around 4303. Keep a close eye on the support levels and adjust your trading plan accordingly. As always, trade with caution and stay disciplined.
Disclosure: This is not financial advice and is for informational purposes only. Please consult a professional financial advisor before making any investment decisions.
