Market Analysis for 1/22/25

SPY QQQ

If you are looking to join the Discord (now separate from the newsletter) please see here: JOIN THE DISCORD Please email help@pharmdcapital.com if there are any technical issues. Plans/levels will be posted in the Discord

The new update for the PharmD_KS indicator has now been published. It now has both sections broken out for NQ and also has a wildcard ticker that you can use for anything that we may be trading. Add it to your favorites and copy and paste the levels (including all the text will still work) See the Link here: PharmD_KS Indicator

The weekly post for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to Market Analysis for The Week Ahead

Be sure you have read the Trading Doggy Style Starter Kit. I will be adding to this over time, likely first focusing on example executions. Trading Doggy Style Starter Kit. A recent update has been made with some additional content.

We saw some pretty wild overnight action between the Sunday night open and today’s cash open, but on the cash only chart we have nothing but higher highs and higher lows. Bulls remain in control until that changes. We have now traded two months mostly inside the range of the 12/18 FOMC breakdown and SPX is coming in for a back test of that breakdown level. We will continue to favor longs until sellers give us a reason to change that view.

I was off the last couple of days for one of the kids’ birthdays, but I’ll be fully active in the Discord again tomorrow.

This week’s plan included a video, and I would encourage everyone to watch/rewatch it ahead of the rest of the week.