January 9, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Fed Decision Harder

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows the stock market is consolidating just below the magnet.
• The chart shows that even though the stock market continues to levitate, RSI is not overbought. This increases the probability of the stock market hitting the magnet and breaking above it.
• The jobs report is known as the mother of all reports due to its importance.  The just released December jobs report has made the Fed’s decision harder.