The Day Ahead: PM Edition 2022-01-24

Did the equity indices make at least a temporary low today? Looking that way.

Jan 25, 2022

∙ Paid

Dow

I’m going to start with this chart as I think it has the best form for a high as I posted in the weekly charts last night. The Dow tested the retrace level at 33168 which is the first related to the March 2020 low. That triggered a very strong bounce and thus I’m not certain we will see a new swing low prior to a deep retrace up. My initial thought t…

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