Day-Trading Scenarios for Jan 12, 2026

Federal Reserve Chair Jerome Powell will be appearing on televison this morning. That is what John Walsh said.

Other than that all looks OK. The daily trend remains solidly up. Only a close below 48800 would create institutional nervousness. Our first support for a pullback buy is 49330. Additional support is 49258. First strong resistance is 49491, then 49642.

Analysts and strategists (e.g., from Goldman Sachs, Barclays, Deutsche Bank) view the Powell situation as reinforcing fears of eroding Fed independence—a core pillar markets prize for predictable, non-political policy. Goldman’s Jan Hatzius noted it "reinforced concerns" that central bank autonomy is "under the gun."

One way to play today's expected two-way trading is to use trend lines on the one-minute chart. Look for breaks.

6-Month Bill Auction

 11:30 AM ET

3-Yr Note Auction

 11:30 AM ET

Raphael Bostic Speaks

 12:30 PM ET

Tom Barkin Speaks

 12:45 PM ET

3-Month Bill Auction

 1:00 PM ET

10-Yr Note Auction

 1:00 PM ET

John Williams Speaks

 6:00 PM ET

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DATE: 1/12/2026

TIME: 9:17 AM

HIGH: 49793

LOW: 49408

CLOSE: 49726

PIVOT: 49642

SUPPORT: 49258

RESISTANCE: 49828

SWING MAGNITUDE: 199

TIME OF COMMENT: 9:17 AM

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