Nightly SPX/SPX/SPY Predictions for 1.27.2024

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📅 Mon Jan 27
No major U.S. data
🌍 Global Watch: ECB signals 2025 rate cuts (25–50 bps expected).

📅 Tue Jan 28
⏰ 10:00am ET
📊 CB Consumer Confidence: 105.9 (prev: 104.7)
🌍 Global Watch: Eurozone inflation rises to 2.4% (stagflation risks).

📅 Wed Jan 29
⏰ 2:00pm ET
📊 Federal Funds Rate: 4.50% (prev: 4.50%)
📜 FOMC Statement
⏰ 2:30pm ET
🎙️ FOMC Press Conference
🌍 Global Watch: ECB downgrades 2025 GDP to 1.1% (Germany recession).

📅 Thu Jan 30
⏰ 8:30am ET
📊 Advance GDP q/q: 2.7% (prev: 3.1%)
📊 Unemployment Claims: 221K (prev: 223K)
🌍 Global Watch: ECB rate decision (25–50 bps cut expected).

📅 Fri Jan 31
⏰ 8:30am ET
📊 Core PCE Price Index m/m: 0.2% (prev: 0.1%)
📊 Employment Cost Index q/q: 0.9% (prev: 0.8%)
🌍 Global Watch: Eurozone Q4 GDP forecast: 0.3–0.4% (spillover risk).

💡 Market Insights:

📈 GAP ABOVE HPZ:
A further gap up would lead to it holding for a little, then dropping back down into the EEZ.

📊 OPEN WITHIN EEZ:
Hard to move up higher, so will slowly chop down to the Cushion levels.

📉 GAP BELOW HCZ:
Due to the ongoing momentum, we will get a slight recovery but still drop and chop back down into the lower range.

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