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.
📉 Support Levels to Watch:
4898
4891-92 (Major)
4888
4882
4877 (Major)
📈 Resistance Levels to Watch:
4908 (Major)
4914
4925-28 (Major)
4936
4941
📅 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.
🛑 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.