Morning Market Notes 01-21-26

Morning Market Notes 01-21-26

Market Calendar

$SPX & $QQQ

We keep making new lows pre-market, and yesterday’s flows didn’t favor a bounce but rather a continuation to the downside.

No one should be bullish with this market below 6900. We’re in a negative gamma–dominated environment, and chances are the downtrend continues.

Let’s have a sesh.

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