Nightly $SPX / $SPY Predictions for 1.24.2024

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📅 Fri Jan 24
⏰ 8:30am
📊 Core PCE Price Index m/m: 0.1%
📊 Employment Cost Index q/q: 0.8%
⏰ 9:45am
📊 Chicago PMI: 36.9

💡 Market Insights:

📈 GAP ABOVE HPZ:
A further gap up would lead to it holding for a little, then dropping back down into the EEZ.

📊 OPEN WITHIN EEZ:
Trump mentioned he will try to lower the rates. Let’s see how the markets adjust to it, but definitely expecting a little more bullishness to the upside.

📉 GAP BELOW HCZ:
A large recovery will allow the markets to tag the red lines before closing slightly lower below the weekly HPZ.

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