ES/SPX Morning Update Jan 16th
Yesterday, CPI took us up to targets 5965 and 6004, right at a major resistance that held firm overnight. The market remains tricky—consider reducing your position size for today til more setups emerge
As of now:
• 5984 = support; it must hold to keep 6004, 6016, and 6043+ in play
• If 5984 fails, look for a selloff to 5972, then 5952
As of now:
• 5984 = support; it must hold to keep 6004, 6016, and 6043+ in play
• If 5984 fails, look for a selloff to 5972, then 5952
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