Day-Trading Scenarios for Jan 26, 2026

A trading range developing today.

Fed announcement Wednesday.

Overnight, buyers came in at 49130, ran it up to 49290 where heavy profit taking stopped the rally. The profit taking stopped at 49169. Two-way trading on tap for today. Use your swing points and stochastics for entries.

The broader sentiment is cautious, with YM futures hovering near flat to slightly lower in pre-market amid a mix of economic positives and mounting risks. Positive drivers include recent upbeat data like improved consumer sentiment and manufacturing PMI, supporting underlying economic resilience.

However, headwinds dominate: Geopolitical tensions, fears of a U.S. government shutdown, and President Trump's coercive tariff threats are eroding trust in U.S. assets and weighing on sentiment. Gold surging above $5,000/oz for the first time underscores safe-haven demand amid these uncertainties, while a yen rally and shifts from long-dated bonds add to defensive positioning. This week brings high-stakes events, including the Federal Reserve's meeting (expected to hold rates steady, with focus on future pause signals) and major earnings from Big Tech and Dow components like Boeing and Caterpillar, which could amplify volatility.

Durable Goods Orders

 8:30 AM ET

Chicago Fed National Activity Index

 8:30 AM ET

Chicago Fed National Activity Index

 8:30 AM ET

Dallas Fed Manufacturing Survey

 10:30 AM ET

Treasury Buyback Announcement (Preliminary)

 11:00 AM ET

3-Month Bill Auction

 11:30 AM ET

6-Month Bill Auction

 11:30 AM ET

2-Yr Note Auction

 1:00 PM ET

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

DATE: 1/26/2026

TIME: 9:14 AM

HIGH: 49620

LOW: 49119

CLOSE: 49263

PIVOT: 49334

SUPPORT: 48962

RESISTANCE: 49590

SWING MAGNITUDE: 219

TIME OF COMMENT: 9:14 AM

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