Market Analysis and Trades for 1/9
NFP and Supreme Court Ruling for all the Marbles?
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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
Today was a pretty tight range on ES but buyers held the major weekly 6936-6942 level they needed to hold to keep this a neutral consolidation and the potential for a slight higher low to be put in. Trading the short side on the way down was sweat free, but intraday was pretty choppy as once again NQ and YM had cleaner moves:
NQ was super clean as well especially once 780-791 and yesterday’s low was lost, making the move all the way to the 560s target (569 low of day of course since it is a meme index lol)
Tomorrow brings NFP and the Supreme Court decision on tariffs. Trump also announced they will be buying mortgage bonds after hours. This is an incredibly binary day with indices at an incredibly binary spot in a multi-day balance
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