Mr. Fibs - 7/25/24 Market Analysis
Good morning traders and investors. Today I give a levels update and some brief ideas for cash session today. We will see if we get more bounce attempts/action that supports joining the buyers or if we just continue to see pressure on them. Today’s triggers are spots to pay attention to, not definitive long or short confirmation areas.
In premarket, we had GDP data and jobless claims:
US INITIAL JOBLESS CLAIMS ACTUAL 235K (FORECAST 238K, PREVIOUS 243K)
US CONTINUED JOBLESS CLAIMS ACTUAL 1.851M (FORECAST 1.868M, PREVIOUS 1.867M)
US GDP QOQ ADVANCE ACTUAL 2.8% (FORECAST 2%, PREVIOUS 1.4%)
Levels and Analysis
Here’s my quick take on how I think the session may go.
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