Nightly $SPX / $SPY Predictions for 1.17.2024

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📅 Fri Jan 17
⏰ 8:30am
📊 Building Permits: 1.46M (prev: 1.49M)

💡 Market Insights:

📈 GAP ABOVE HPZ:
On a gap up, we will get pinned down by the weekly zone before dropping lower.

📊 OPEN WITHIN EEZ:
People finally decided to be bullish after seeing yesterday's price action. Let’s bet against them first, then close it around 5925.

📉 GAP BELOW HCZ:
We will likely get a small bounce and hold.

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