1/27/25 Levels & Plan
My areas of interest are 6075-6087, 6100-6107, 6111-6120, and 6140-6148. We have now experienced nine consecutive days during regular trading hours where the daily high has broken above the prior day’s high, without breaking the prior day’s low (indicating daily one-time frame buyer control). This is what I will monitor this week to see whether this trend continues or if sellers are able to break below the prior day’s low, which could signal a return to balance. Always keep in mind that markets transition from trending to balance and back to trending; it is an ongoing cycle. The trend has been strong to the upside, and we are back at prior all-time highs.
We have a busy week ahead filled with important economic data, one of which is the FOMC meeting on Wednesday.
Weekly Profile
