Nightly $SPX / $SPY Predictions for 1.10.2024

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🔮 Nightly SPX / SPY Predictions for 1.10.2024

📅 Fri Jan 10

⏰ 8:30am
💰 Average Hourly Earnings m/m: 0.3% (prev: 0.4%)
👷 Non-Farm Employment Change: 164K (prev: 227K)
📉 Unemployment Rate: 4.2% (prev: 4.2%)

⏰ 10:00am
📊 Prelim UoM Consumer Sentiment: 74.0 (prev: 74.0)
📈 Prelim UoM Inflation Expectations: 2.8%

💡 Market Insights:

📈 GAP ABOVE HPZ:
The markets are very sensitive right now with the pause. I wouldn't bet that it holds this gap for long.

📊 OPEN WITHIN EEZ:
A little more upside, and then markets will need the weekend to digest.

📉 GAP BELOW HCZ:
Everyone will eat up this drop; definitely look to position bullish here.

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