Market analysis for Jan. 5, 2024

We had another pretty solid day yesterday with our NDX 0DTE hitting for a full profit and I got an exit on my SPX 0DTE for 45% capture. All our other trades are working nicely. NVDA keeps giving us nice green numbers each day. The RUT is still pressuring us and we'll need to work that some more today. On to the market.

Sell mode is now firmly in place Our short VTI setup looks great whereas only a week ago I thought I was on the wrong side of that trade. 

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The 2 hr. candle chart tells the tale. The bears have finally gained some traction. Healthcare and surprisingly, financials showed some continued strength but the mighty techs that have led this market up are all weak. The chart of the great Apple Inc. looks horrible. 

Year to date the markets not off to a great start with the RUT getting the worst of it. 

Futures are down again this morning at the key U.S. Jobs report looms. The FED talking about keeping rates where they are is not helping the markets either 

Technicals look absolutely primed for a push down toward PoC on /ES which is approx. 4570 

Intra day levels for me: 4741/4762/4773/4792 to the upside on /ES.  4711/4703/4693/4659 to the downside. 
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