The Tradewriter Report

The Tradewriter Report

Share this post

The Tradewriter Report
The Tradewriter Report
Market Plan for January 26th, 2024
Copy link
Facebook
Email
Notes
More

Market Plan for January 26th, 2024

ES and NQ divergence... what does this mean?

Tradewriter's avatar
Tradewriter
Jan 26, 2024
∙ Paid
2

Share this post

The Tradewriter Report
The Tradewriter Report
Market Plan for January 26th, 2024
Copy link
Facebook
Email
Notes
More
Share

Good evening folks,

The market had a difficult and odd day as the S&P 500 and the Nasdaq ended with a divergence - the S&P closed higher while the Nasdaq closed red. We attempted to break 4900 this morning but failed and slowly dropped to 4871. In a shocking move, we squeezed 30 points in the last hour and tagged 4900 again.

In the High-Roller Room, we sustained some chop before entering long near the low this afternoon and catching the entire EOD squeeze.

Tomorrow is Friday, with PCE being the main event. Will it push prices higher, or will we chop & drop?

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Tradewriter
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More