Market analysis for Feb. 2nd, 2024

Yesterday's result was marred with both of our 0DTE call side's needing to be rolled. Our bond position was pressed as well be looks better coming into expiration today. Our AAPL, AMZN and META earnings trades all look positive as well. 

With generally positive earnings the futures have continued up overnight. 

We do have NFP out this morning and that could be a market catalyst:
​

With the bullish price action of the last day the technicals have flipped right back to bullish.

In one clean sweep the /ES was able to reverse right back into our "chop zone" and push through it to the upside. This creates a whole new opportunity to hit higher highs. 

Price action looks fairly bullish today with NFP being the only thing standing potentially in the way of the bulls.

Intra day levels for me on /ES: 4963/4978/4993/5000 to the upside. 4960/4941/4933/4925 to the downside.

Intra day levels for me on /NQ: 17648/17693/17728/17783 to the upside. 17544/17482/17438/17386 to the downside.