Market Analysis and Trades for 1/6
Takeoff Tuesday or Trapdoor Tuesday?
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The 2026 Equity Markets Year Ahead can be watched here: 2026 Equity Markets Year Ahead
The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. It can be found here Market Analysis for the Week of 1/4
I mentioned over the weekend that the Venezuela news may actually be bullish equities, and it certainly seems it was. Both ES and NQ grinded higher all night and at the open. However, both came into absolutely massive spots and really the last structural location where they can fail before at least ES/SPX make a new all-time high. From today in the Discord:
NQ dropped 160 handles from that high, with ES falling 23. One of these bearish sequences has been triggered and one has not (yet). Tomorrow will almost certainly confirm or negate these sequences. Therefore, tomorrow is incredibly important to setting the tone for the start of the year.
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