11/21 Volatility

Alarm Avoided

Lines After Dark

Midweek Market Update - January 21, 2026

The market has navigated some volatility through and avoided an alarm scenario through mid week. The 6750 range marked as the most reasonable support level below the short term trend served as the expected support range on the intraday panic. This area was afforded the benefit of the doubt in the absence of an alarm scenario, and for now has played the expected role.

This note is simple as Wednesdays are. The market remains bullish until proven guilty. (ie. confirmed alarm trigger)

Risk Off Criteria: 2 of 3 Active

Reference: “How I Think About The Risk-Off Alarm”