The Market News To Get You Ready... (12/17/2023)

This will get you ready to kill it this week…

First of all, I wish you a Merry Christmas, trader🎄🧑‍🎄

Now, let’s begin with the BEST information to get you started.

Technical analysis suggests that the market is mixed in the coming week.

• The SPY has been in a strong bullish trend for the last week. The outlook for the next week is mixed, as the Fed’s policy meeting, the Omicron variant, and the inflation data could influence the market sentiment. The support level for SPY is at $460.00. If SPY falls below this level, it may signal a reversal of the trend and a possible downtrend. The resistance level for SPY is at $470.00. If SPY breaks above this level, it may signal a continuation of the trend and a possible uptrend.

• The QQQ has been in a strong bullish trend for the last week. The outlook for the next week is also mixed. The near-term overbought condition and high RSI suggest a degree of caution. The support level for QQQ is at $364.70.  If QQQ falls below this level, it may signal a reversal of the trend and a possible downtrend.

Let's take a look at the ECONOMIC REPORTS, EARNINGS REPORTS for this week:

Earnings Reports (12/18/23 - 12/23/23)

Now that we are done with the news, I want to tell you something.

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