Trading Plan for Monday, April 15th, 2024
Trading Plan for Monday, April 15th, 2024
Market Sentiment: Highly uncertain due to major geopolitical headline risk over the weekend. Expect significant volatility and potential for large gaps up or down at the Sunday open.
Important Note: The escalating tension between Iran and Israel has the potential to cause significant market disruptions. BE PREPARED for a wide range of outcomes, substantial gaps on the open, and rapidly changing market conditions.
Key Supports
Immediate Supports: 5163 (major), 5155, 5142, 5134-36 (major), 5126 (major)
Major Supports: 5120, 5115, 5108, 5102-5097 (major), 5091, 5082 (major)
Key Resistances
Near-term Resistance: 5177 (major), 5185, 5192-95 (major), 5203 (major)
Major Resistances: 5218 (major), 5228-30 (major), 5245 (major), 5262
Trading Strategy
Weekend Headlines: Be prepared for anything related to the Iran/Israel situation. This news will dominate market reaction.
Adaptability is Key: Market conditions could change rapidly, prioritize flexibility and risk management.
Sunday Open: Focus on how the market opens and reacts to the news. Large gaps are possible in either direction.
Long Opportunities: Due to the high risk, only consider longs after the initial reaction and if a stable support zone forms. Potential bids at 5163, reclaiming 5155, or (depending on the open) reclaiming 5177. Emphasis on failed breakdowns.
Short Opportunities: Look for backtests of any breakdown levels if a strong sell-off occurs. Potentially 5177, 5219, or 5228 if those levels are reached.
Knife-Catch Mode: If necessary, use the knife-catch protocol for longs, with small size and emphasis on failed-breakdowns.
Bull Case
De-escalation: A move towards de-escalation or resolution of the Iran situation could lead to a sharp rebound.
Reclaiming 5177: If 5177 is reclaimed with acceptance above, bulls may drive a recovery towards targets of 5195, 5202, 5219.
Bear Case
Escalation of Conflict: Continued escalation of tensions could lead to a significant market sell-off.
Breakdown of 5163: A failure of 5163 opens up downside targets. Watch for a bounce/failed breakdown, then consider shorting for a move down the levels.
News: Top Stories for April 15th, 2024
Geopolitical Crisis:
Escalating tensions between Iran and Israel dominate headlines and overshadow all other news.
Potential repercussions for the global economy, oil prices, and markets.
Impact on Market Outlook:
Uncertainty and volatility dominate the April outlook.
Key economic dates and reports may be less impactful given the news focus.
Earnings Reports:
Earnings season continues, but market focus may be diverted by the geopolitical situation.
Other Market and Economic News:
Monitor secondary news sources for updates on the Iran/Israel situation and potential market impacts.
Reminder: The weekend geopolitical developments introduce extreme uncertainty into the markets. Be cautious, prioritize risk management, and be prepared to quickly adapt your trading strategy.
Market Sentiment: Highly uncertain due to major geopolitical headline risk over the weekend. Expect significant volatility and potential for large gaps up or down at the Sunday open.
Important Note: The escalating tension between Iran and Israel has the potential to cause significant market disruptions. BE PREPARED for a wide range of outcomes, substantial gaps on the open, and rapidly changing market conditions.
Key Supports
Immediate Supports: 5163 (major), 5155, 5142, 5134-36 (major), 5126 (major)
Major Supports: 5120, 5115, 5108, 5102-5097 (major), 5091, 5082 (major)
Key Resistances
Near-term Resistance: 5177 (major), 5185, 5192-95 (major), 5203 (major)
Major Resistances: 5218 (major), 5228-30 (major), 5245 (major), 5262
Trading Strategy
Weekend Headlines: Be prepared for anything related to the Iran/Israel situation. This news will dominate market reaction.
Adaptability is Key: Market conditions could change rapidly, prioritize flexibility and risk management.
Sunday Open: Focus on how the market opens and reacts to the news. Large gaps are possible in either direction.
Long Opportunities: Due to the high risk, only consider longs after the initial reaction and if a stable support zone forms. Potential bids at 5163, reclaiming 5155, or (depending on the open) reclaiming 5177. Emphasis on failed breakdowns.
Short Opportunities: Look for backtests of any breakdown levels if a strong sell-off occurs. Potentially 5177, 5219, or 5228 if those levels are reached.
Knife-Catch Mode: If necessary, use the knife-catch protocol for longs, with small size and emphasis on failed-breakdowns.
Bull Case
De-escalation: A move towards de-escalation or resolution of the Iran situation could lead to a sharp rebound.
Reclaiming 5177: If 5177 is reclaimed with acceptance above, bulls may drive a recovery towards targets of 5195, 5202, 5219.
Bear Case
Escalation of Conflict: Continued escalation of tensions could lead to a significant market sell-off.
Breakdown of 5163: A failure of 5163 opens up downside targets. Watch for a bounce/failed breakdown, then consider shorting for a move down the levels.
News: Top Stories for April 15th, 2024
Geopolitical Crisis:
Escalating tensions between Iran and Israel dominate headlines and overshadow all other news.
Potential repercussions for the global economy, oil prices, and markets.
Impact on Market Outlook:
Uncertainty and volatility dominate the April outlook.
Key economic dates and reports may be less impactful given the news focus.
Earnings Reports:
Earnings season continues, but market focus may be diverted by the geopolitical situation.
Other Market and Economic News:
Monitor secondary news sources for updates on the Iran/Israel situation and potential market impacts.
Reminder: The weekend geopolitical developments introduce extreme uncertainty into the markets. Be cautious, prioritize risk management, and be prepared to quickly adapt your trading strategy.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.