January effect? Is it real?
Water and heat problems at home are keeping me preoccupied so I won’t have much to say until these household issues are resolved, which may not be until Thursday.
It’s 5:30 A.M., ET and the ES is up nearly 11pts. You would think that the markets will soar today, but one cannot know until the close. This action could just be a mega distribution pump with a mega short squeeze thrown in for good measure.
Daily chart of $SPX showing it more or less stalled in the same area for the last five sessions. Could break out today and maybe even take out 1292 in the process.