Market Outlook 01/19/2021
/ES broke down 4 day support zone 3770-3777 on Friday and closed below the support zone. However, overnight futures have regained most of the drop in /ES on Friday. The criteria for a failed breakdown is /ES getting a few hourly close above 3798. The resistance zone for bears to hold is 3893-3798
/NQ also bounced from the channel bottom support and is pa…