Morning Market Notes 01-15-25

Market Calendar

$SPX & $QQQ

An absolute overreaction to a 0.1% CPI YoY miss below expectations – 75 points on $ES_F off the print.

This exaggerated range exceeds the unc2.0 algorithm, so that’s off the table.

Interestingly, nothing has changed in terms of levels for OPEX on Friday. This suggests that most of the move happened pre-market, meaning the actual session could be less exciting.

Proceed with caution.

Let’s have a sesh.

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