Market analysis for Jan 11th, 2024

We had an "O.K." day yesterday. We hit a home run with our NDX 0DTE and some partial success with SPX puts but needed to roll the calls out to today. RUT saved our net liq once again putting me up about $1,100 for the day. Lets look at the market.
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I said yesterday that if 4802 on /ES was breached it would look bullish. That happened and now we just wait for CPI numbers to hit before the cash open. If we get a bounce from those numbers I'd say the bulls have full control again.

It was largely bullish and green across the market yesterday, save for energy and healthcare.
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Bitcoin hit $47,000 on the euphoria of the SEC ETP approvals. Lots of premium in the crypto space today. MARA and BITO are my choices for today.
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With all the bullish action, we still have a massive wall of Option selling going on just above 5000 on the SPX 

We are now back to the high we reached on Dec. 19th. That high triggered a sell day. With CPI this morning it could certainly be the catalyst that clears that hurdle or sends us right back down. 

Intra day levels for me today: 4831/4838/4842 (above this is a new ATH) to the upside. 4821/4810/4801/4794 (key level for bears to acert control and move us back down) to the downside.