Nightly $SPX / $SPY Predictions for 1.21.2024

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📅 Tue Jan 21
🗓️ Day 2
📍 WEF Annual Meetings

📅 Wed Jan 22
🗓️ Day 3
📍 WEF Annual Meetings

📅 Thu Jan 23
🗓️ Day 4
📍 WEF Annual Meetings
⏰ 8:30am
📊 Unemployment Claims: 220K (prev: 217K)
⏰ 11:00am
🛢️ Crude Oil Inventories: -2.0M

📅 Fri Jan 24
🗓️ Day 5
📍 WEF Annual Meetings
⏰ 9:45am
📊 Flash Manufacturing PMI: 49.4
📊 Flash Services PMI: 56.8
⏰ 10:00am
📊 Existing Home Sales: 4.19M (prev: 4.15M)
📊 Revised UoM Consumer Sentiment: 73.2

💡 Market Insights:

📈 GAP ABOVE HPZ:
On a gap up, we will get pinned down at HPZ back into the EEZ.

📊 OPEN WITHIN EEZ:
A lot of resistance overhead. Markets should cool down after the gaps from last week. Small rally into fade downwards.

📉 GAP BELOW HCZ:
We will likely get a small bounce and hold.

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