Day-Trading Scenarios for Jan 06, 2026

Very powerful bullish statement by the stock market for our first full week of 2006.

Big support held at 48575. Again, we want to buy pullbacks, this time at 49089 and 49006.

The contract is consolidating near all-time highs after a strong rally yesterday, where the underlying Dow index surged to close at a record 49,228 amid energy sector strength. Price action remains in a well-defined ascending channel on daily timeframes, but recent hesitation at the upper boundary suggests potential momentum exhaustion and increased risk of a near-term pullback.

The near-term backdrop is constructive, driven by yesterday's rally on U.S. military actions in Venezuela (capture of Maduro) and President Trump's push for American energy firms to invest there, boosting oil prices and energy stocks like those in the Dow. This has lifted broader market sentiment, with resilient corporate earnings and expectations for a more dovish Fed

Tom Barkin Speaks

 8:00 AM ET

PMI Composite Final

 9:45 AM ET

4-Week Bill Announcement

 11:00 AM ET

8-Week Bill Announcement

 11:00 AM ET

4-Month Bill Announcement

 11:00 AM ET

6-Week Bill Auction

 11:30 AM ET

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DATE: 1/6/2026

TIME: 8:34 AM

HIGH: 49463

LOW: 48556

CLOSE: 49228

PIVOT: 49082

SUPPORT: 48936

RESISTANCE: 49595

SWING MAGNITUDE: 207

TIME OF COMMENT: 8:34 AM

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