ES/SPX Morning Update Jan 20th.... *Futures Closes At 1PM ET*
NYSE is closed today, and ES will close early at 1pm—so tread lightly and no overtrading. Most professionals are not trading today. At 6pm on Thursday, a Failed Breakdown at 5974, triggering a long that took us all the way to 6043.
As of now:
• Hold runners; expect 6043-6016 to be a chop zone, with 6033 as the midpoint pivot
• Reclaiming 6033 could target 6043, 6049, and 6066+
• If 6016 fails, look to sell down to 6004
As of now:
• Hold runners; expect 6043-6016 to be a chop zone, with 6033 as the midpoint pivot
• Reclaiming 6033 could target 6043, 6049, and 6066+
• If 6016 fails, look to sell down to 6004
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