Equities market outlook for Thursday, Jan. 7

Folks, not seeing a ChartsEdge map yet, will share if/when I do. Meantime, despite the intraday "sell rallies" type chop yesterday, the SPX touched a new high at 1139 a day after the RUT tagged 642. On the hourly SPX chart below (courtesy of Tony Caldaro's OEW site), you can see support at 1129 and 1121/1122. Besides, we want 1125/1126 to hold. The resistance at 1140 should give way at some point, to lead to 1153 or 1158 area. Given that, traders should expect an intraday effort higher.

Going into a doctor's appt for this cold, should be in turret by the open. As always, careful, and happy market navigating!