Nightly $SPX / $SPY Predictions for 1.23.2024

๐Ÿ”ฎ

๐Ÿ“… Thu Jan 23
๐Ÿ—“๏ธ Day 4
๐Ÿ“ WEF Annual Meetings
โฐ 8:30am
๐Ÿ“Š Unemployment Claims: 221K (prev: 217K)
โฐ 11:00am
๐ŸŽ™๏ธ President Trump Speaks
๐Ÿ›ข๏ธ Crude Oil Inventories: -0.1M (prev: -2.0M)

๐Ÿ’ก Market Insights:

๐Ÿ“ˆ GAP ABOVE HPZ:
If we gap up once more, we will break all-time highs. This will be met by a big decline to juice liquidity.

๐Ÿ“Š OPEN WITHIN EEZ:
Only resistance left, looking for a small pop up into the weekly zone to get a drop back down into the HCZ and HEL.

๐Ÿ“‰ GAP BELOW HCZ:
We will likely get a small bounce, hold, and chop down.

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