Morning Ideas January 12, 2021

Same old buyers came back in yesterday, but we didn't push up very far.

We are pinned right below the 3800 level in the ES which is roughly 3794 in the SPX.

With options expiring this week, I would expect to see us pinned up here, or move a little higher.

If you're looking for a down move, it's probably best to wait for next week.
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