Morning Market Notes 01-23-25

Market Calendar

$SPX & $QQQ

Guess what? The spread guys are back.

Now they’re loading up on 6110 and 6115 above spot, and 6055 and 6060 below the opening price.

Yesterday, since we broke their range, they most likely took a loss. If we follow the same pattern from the last time they doubled down after a loss, we could end up ranging between those strikes all day, making it a very boring session.

We’ll wait and see.

Let’s have a sesh.

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