1/6/26 Recap

The SPY remains in a nice uptrend here but still has not made a new high, but we’re close. Until we do keep your expectations in check and make sure you’re watching the 8 and 21 ema right below, any break of those and you want to start to close up things. CES is going on right now, all sorts of tech announcements are happening and there is alot of friendly fire going on out there. NVDA had their self driving announcement yesterday and TSLA is down over 4% today. Overall we’re in a decent spot, nothing to be bearish about yet but we want to see a push higher and not a second shoulder forming with early december levels around this 690 level.

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