Day-Trading Scenarios for Jan 30, 2026

The daily down trend formed yesterday had overnight follow through.

Our job is to short over bought rallies on the 1 minute chart. They will push it up to get short at favorable prices, then knock it down.

First resistance is 49060, then 49199. First support is 48890 then 48775.

Recent Fed steadiness supports stability, but speculation around future leadership (e.g., Trump nomination news like Kevin Warsh for Fed chair) adds uncertainty—perceived hawkishness could pressure equities. Broader optimism on US economy/resilience persists, but tariff/geopolitical noise (e.g., past mentions) remains in the background.

Earnings from Exxon, Chevron, American Express in the news today.

10-Yr TIPS Settlement

PPI-Final Demand

 8:30 AM ET

Chicago PMI

 9:45 AM ET

Alberto Musalem Speaks

 1:30 PM ET

Farm Prices

 3:00 PM ET

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DATE: 1/30/2026

TIME: 9:25 AM

HIGH: 49442

LOW: 48724

CLOSE: 49170

PIVOT: 49112

SUPPORT: 48775

RESISTANCE: 49397

SWING MAGNITUDE: 230

TIME OF COMMENT: 9:25 AM

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