Nightly $SPX / $SPY Predictions for 1.16.2024

🔮

📅 Thu Jan 16
⏰ 8:30am
📊 Core Retail Sales m/m: 0.5% (prev: 0.2%)
📊 Retail Sales m/m: 0.6% (prev: 0.7%)
📊 Unemployment Claims: 210K (prev: 201K)
📊 Philly Fed Manufacturing Index: -5.2 (prev: -16.4)

💡 Market Insights:

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

📊 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.

📉 GAP BELOW HCZ:
Instead of a decisive move, it will be volatile, so daytrade.

#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing