Market analysis for Jan. 24th, 2024

I'm super proud of our results for this week. Not because we are killiing it...we arent, but we have turned some garbage into silk. Monday I started the day down 9k in net liq and battled back to a $550 loss. Yesterday's net liq started off slightly red and nothing we had was really working but we were still able to improve net liq by almost $4,000 dollars. We've certainly earned out profits so far this week.

Markets continue to push. The bullish bias is now pretty intrenched with this latest breakout. We are back to our long VTI swing trade and as I've mentioned over and over, this is one of my favorite strategies. I'm going to be saddened if we can't return 36-50% ROI over the year with this setup.

​Technicals all continue to point up. Markets are looking for clear sailing to the upside right now.

We've got several news catalyst that could affect us today. PMI is the big one and oil inventory numbers will guide us for our next oil ladder setup. 

With strong earnings overnight with NFLX leading the way (our NFLX earnings trade looks great BTW) and China working to pump up their economy the market is looking to move higher today.

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Intra day levels for me: 4930/4949/4972/4990 to the upside. 4898/4880/4863/4840 to the downside.
Depending on PMI action, I'm looking for all bullish setups today with our 0DTE's.