Daily Analysis for Jan 23, 2026

Another day, another bizarre AI bug. This time in Loom. The daily analysis video is 10+ mins, but Loom AI is reading it as 7 mins and then acting accordingly. Obviously, that led to issues in bringing the video to Substack, and hence, once more, today’s daily analysis video is open to all while I scream at Loom Support. Here you go:

Daily Analysis Video

Today’s levels summary:

• QQQ

  • Between 618-622.5 => Neutral

  • Bullish above 622.5 => 625, 628

  • Bearish below 618 => 615, 612, 609

• SPY

  • Between 686-692 => Neutral

  • Bullish above 692 => 695

  • Bearish below 686 => 683, 680

With regard to swings, I am completely in cash yesterday and will stay that way until indices can recapture the 9wma and form a 2-3 week sideways consolidation above it.