Market Outlook: Week of January 13th

Markets are entering a pivotal week with significant economic data (PPI, CPI) and key earnings reports (banks, TSMC) on deck.

SPX & SPY Key Levels:

SPX Range: 5700 - 5830 - 5950
SPY Range: 569 - 580 - 591
Key Market Scenario:

Short-Term: SPY could fill the gap near 577 and test 590 by week’s end.
Next Week (Jan 24th): A pullback to the 569 support zone is possible.
Technical Insights:

Historically, stocks in an uptrend often bounce after testing the lower Bollinger Band.
TQQQ saw a 2M share purchase at $76.37 on Friday, and it held above this level—indicating bullish interest.
The MAG 7 stocks remain resilient, adding strength to the market.