Market Outlook 01/22/21
/ES reached channel top at 3869 during globex session yesterday and turned downwards but held the pullback buy zone 3838-42. Overnight, /ES is peeking below 3838-3844 zone signaling weakness if RTH opens under it. SPX charts formed an evening start reversal pattern as well.
Short term reversal signals also fired yesterday as market move under 3844s. Give…