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Day-Trading Scenarios for Jan 23, 2026

The market is consolidating recent volatility.


Next support is 49243. Resistance is 49537,then 49625. Trade both ways this morning.


Economic Strength: Third-quarter GDP was revised upward to 4.4% annualized growth (better than the initial 3.8% estimate and the strongest back-to-back quarters since 2021), fueled by stronger exports and inventories. This underscores a healthy economy, with the Atlanta Fed's Nowcast projecting Q4 GDP at 5.3%. However, inflation remains sticky—core PCE held at 2.8%, and YoY PPI hit 3.0% (highest since July)—potentially delaying further Fed rate cuts. The Fed is unlikely to ease next week, with markets pricing in steady rates amid solid data.


PMI Composite Flash

 9:45 AM ET


Consumer Sentiment

 10:00 AM ET


Leading Indicators

 10:00 AM ET


<<<<<<<<<<<<<<<<<<<<<<<<<<<

DATE: 1/23/2026

TIME: 9:16 AM

HIGH: 49795

LOW: 49257

CLOSE: 49558

PIVOT: 49537

SUPPORT: 49176

RESISTANCE: 49822

SWING MAGNITUDE: 212

TIME OF COMMENT: 9:16 AM

COMMENT: For today's real-time trading calls enjoy a One Week Trial at https://www.eminiace.com/services

 
 
 

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