Looking Ahead:
Next week promises to be pivotal with several major events on the docket:
- **U.S. Presidential Election:** A crucial event that could reshape fiscal and economic policies.
- **Fed Policy Decision & Powell Press Conference:** The market will closely watch for signals about future rate paths.
- **U.S. Jobless Claims:** Key data to gauge the health of the labor market.
As we move forward, these developments will be crucial in shaping market sentiment and guiding investment decisions. **Timing is key in trading. Check our [trading corner]https://www.notion.so/007ofWallSt-Trading-Corner-6b398b136e334741b12786424d208829?pvs=21 for time stamps on these important events and stay ready for what’s ahead.** Here’s to another week of informed investing and strategic decision-making! 🌟
Market Forecast (Updated 11/03/2024)
**SPX** - Most of the Mag 7 stocks reported really good numbers but issued weak guidance. With FOMC and Election decision this week, We should see a lot of volatility.
Next resistance: 5,824 and 5,893
Next support: 5,705, followed by 5,600
Weekly Sentiment: Mixed
Next week promises to be pivotal with several major events on the docket:
- **U.S. Presidential Election:** A crucial event that could reshape fiscal and economic policies.
- **Fed Policy Decision & Powell Press Conference:** The market will closely watch for signals about future rate paths.
- **U.S. Jobless Claims:** Key data to gauge the health of the labor market.
As we move forward, these developments will be crucial in shaping market sentiment and guiding investment decisions. **Timing is key in trading. Check our [trading corner]https://www.notion.so/007ofWallSt-Trading-Corner-6b398b136e334741b12786424d208829?pvs=21 for time stamps on these important events and stay ready for what’s ahead.** Here’s to another week of informed investing and strategic decision-making! 🌟
Market Forecast (Updated 11/03/2024)
**SPX** - Most of the Mag 7 stocks reported really good numbers but issued weak guidance. With FOMC and Election decision this week, We should see a lot of volatility.
Next resistance: 5,824 and 5,893
Next support: 5,705, followed by 5,600
Weekly Sentiment: Mixed
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
If you appreciate my technical analysis and want to check out our
Free Newsletter --> diywallst.substack.com/about
Free Newsletter --> diywallst.substack.com/about
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.