Nightly $SPX / $SPY Predictions for 1.16.2024

๐Ÿ”ฎ

๐Ÿ“… Thu Jan 16
โฐ 8:30am
๐Ÿ“Š Core Retail Sales m/m: 0.5% (prev: 0.2%)
๐Ÿ“Š Retail Sales m/m: 0.6% (prev: 0.7%)
๐Ÿ“Š Unemployment Claims: 210K (prev: 201K)
๐Ÿ“Š Philly Fed Manufacturing Index: -5.2 (prev: -16.4)

๐Ÿ’ก Market Insights:

๐Ÿ“ˆ GAP ABOVE HPZ:
On a gap up, we will hold and run higher. Weekly will pin it down.

๐Ÿ“Š OPEN WITHIN EEZ:
Craziest thing was the amount of people trying to call the top today. For tomorrow, any dip would be bought back up unless people start being unanimously bullish.

๐Ÿ“‰ GAP BELOW HCZ:
Instead of a decisive move, it will be volatile, so daytrade.

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