Trading plan for today 1/18/23: $SPX $ES_F

SPX had a balanced return yesterday, another sign of low volatility is the tight spread between average gains and losses, both at ~1%. Timing for short-term breadth readings is always difficult because the data is often noisy and prone to false positives. Support levels today 4000-3980 bulls must hold to play to 4030-4050+, lose 3980 will see 3850.

Now 4014