First Look: 2023-01-06
The good news is the bulls seem to finally have got it together and are making a decent attempt at grinding up out of the sideways formation. The bad news is the way that has taken place with a quick move up off the NFP only to be nearly reversed after the NY open and back up at the top of the range after the 10am economic data. Feel free to rub your neck to ease the whiplash.
If S&P 500 futures can get above, and hold above, 3873.00, aim for 3893.75 or 3915.00 today.