U.S. stock markets closed on a positive note today, buoyed primarily by gains in the energy sector and large banking institutions. This upside was propelled by headlines related to Venezuela, which invigorated both the energy market and investor risk sentiment. Meanwhile, the ISM Manufacturing Index for December showed a contraction, remaining below the 50 threshold, which reinforces the narrative of uneven economic growth and places increased emphasis on upcoming services data scheduled for release later this week.
Looking Ahead to Tuesday:
The macroeconomic calendar for Tuesday appears relatively light, suggesting that the equity markets may engage in a more directional trading pattern unless unexpected geopolitical developments emerge overnight. The primary risk window looms larger later in the week with significant reports on ADP employment, ISM Services, and the EIA energy outlook, culminating in the Nonfarm Payrolls report.
Overnight Outlook into New York:
The most probable scenario sees a rotation around the 6948.50 level (VWAP), with a two-sided trading dynamic expected. Key support is identified at the 6942.50/6940.00 range, while the first resistance ceiling is placed between 6955.25 and 6963.50. A bullish scenario would emerge with a stable hold above 6942.50 and a successful move through 6955.25, paving the way toward the 6963.50 resistance level and beyond. Conversely, bearish pressure may materialize if the index falls below 6940.00, with a failure to reclaim 6942.50 potentially exposing levels around 6932.75 and the 6912.75-6906.00 range.
Trade Setups for Tomorrow
A++ Long Setup (Preferred):
Entry: 6932-6935 (PDL / NYAM.L test)
Stop: 6927
Target: 6948-6955
B+ Short Setup (Fade Rally):
Entry: 6950-6955 (VWAP / Y-POC rejection)
Stop: 6960
Target: 6935-6940
Deep Discount Long (If Major Flush):
Entry: 6906-6912 (LO.H / AS.H zone)
Stop: 6900
Target: 6940-6950
Good Luck !!!
Looking Ahead to Tuesday:
The macroeconomic calendar for Tuesday appears relatively light, suggesting that the equity markets may engage in a more directional trading pattern unless unexpected geopolitical developments emerge overnight. The primary risk window looms larger later in the week with significant reports on ADP employment, ISM Services, and the EIA energy outlook, culminating in the Nonfarm Payrolls report.
Overnight Outlook into New York:
The most probable scenario sees a rotation around the 6948.50 level (VWAP), with a two-sided trading dynamic expected. Key support is identified at the 6942.50/6940.00 range, while the first resistance ceiling is placed between 6955.25 and 6963.50. A bullish scenario would emerge with a stable hold above 6942.50 and a successful move through 6955.25, paving the way toward the 6963.50 resistance level and beyond. Conversely, bearish pressure may materialize if the index falls below 6940.00, with a failure to reclaim 6942.50 potentially exposing levels around 6932.75 and the 6912.75-6906.00 range.
Trade Setups for Tomorrow
A++ Long Setup (Preferred):
Entry: 6932-6935 (PDL / NYAM.L test)
Stop: 6927
Target: 6948-6955
B+ Short Setup (Fade Rally):
Entry: 6950-6955 (VWAP / Y-POC rejection)
Stop: 6960
Target: 6935-6940
Deep Discount Long (If Major Flush):
Entry: 6906-6912 (LO.H / AS.H zone)
Stop: 6900
Target: 6940-6950
Good Luck !!!
info@algoindex.com, algoindex.com | Join our free trading community: facebook.com/groups/1256769122661043
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
info@algoindex.com, algoindex.com | Join our free trading community: facebook.com/groups/1256769122661043
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.