Market analysis for Jan. 2nd, 2024

Good morning traders! We got off to a great start to the new week. My net liq was up $7,100 yesterday. That's on top of a $20,000 day last Thurs. and $50,000+ for the shortened week last week. That's close to $60,000 bump in net liq in the last five trading days. NVDA was our big winner yesterday but all four (yes four) of our 0DTE setups hit for nice profits as well. We are on a 17 day, 100% winners streak with 55 totals 0DTE trades. Each day we were able to hit our daily income goal of $1,000. We are over $20,000 profit over the last 17 trade days for our 0DTE setups.

Our trade docket for today is pretty light. We'll be spending our time in our live scalping room looking to hit our $500-$1,000 profits. 
IWM?, MSTR, PAYX, SPX/NDX/Event contract 0DTE's, M, TEAM, SMCI all on schedule today.

The market has finally rolled over and we have a solid sell signal.

Will this dip be bought like all the rest? By the time we get to NFP on Friday we should have a pretty good idea. 
We still don't have a definitie directional change. It's more about not being able to push past our current resistance levels. 

Futures are down as I type with JOLTS job openings on tap:
​10:00 ET
US JOLTS Job Openings for February
The US Job Openings and Labor Turnover Survey (JOLTS) provides monthly data on job openings, hires, separations, and other labor market dynamics in the United States.
It offers insights into the demand for labor and the overall health of the job market.
Job openings represent unfilled positions that are actively being recruited for by employers.
Analyzing JOLTS data helps assess trends in job creation, labor market tightness, and worker mobility, providing valuable information for understanding the dynamics of the US labor market.
The JOLTS data is the oldest bit of employment data this week, representing the month of February, while ADP and Nonfarm Payrolls reports represent the month of March.
Having said that, with employment a key piece of the Fed’s monetary policy puzzle, markets will still monitor this.
What to Expect
If JOLTS comes in higher than expected, that indicates there are a larger number of job openings, which means that there is demand on the corporate side to hire more staff.
This can be seen as an upside inflation risk, and a threat to the Fed’s 2% inflation target, as higher demand for staff indicates corporations are not being affected as the Fed would like by tight monetary policy.
This could cause strength in the dollar and weakness in US stocks.

This past week has brought some interesting sector rotation into view with the techs waining and utilities getting some serious buying. This type of action usually pre-dates a change of direction

Bitcoin continues to retrace. We utilize the Bitcoin price action to trade our MSTR position. 

My lean for today is bearish:

Intra-day levels for me:
/ES; 5282/5294/5302/5313 to the upside. 5270/5263/5248/5235 to the downside
/NQ; 18433/18451/18473/18509 to the upside. 18390/18356/18331/18295 to the downside.