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You can’t really talk about the broad markets this week without acknowledging the headlines. Between tariff talks tied to Greenland, shifting political messaging, and global commentary, there’s been plenty of noise. But before any of that hit the tape, the technical groundwork for this rally was already forming.
In today’s update, I’m walking through how I used price, market timing, and momentum together to stay prepared for the upside move — before the news became the story.
🔍 Highlights
1️⃣ ESH26 (E-mini S&P 500 Futures)
The March 2026 contract put in a clear low on January 21, and from my perspective, several things were already lining up. Price was testing an important daily level right around the time I was writing my Wednesday morning ES futures report to its subscribers. At the same time, RSI Power Zones were showing a Bullish Pattern, and my market timing work pointed to an early-morning low near 8:00 AM. That combination had me leaning higher before any speeches or headlines entered the picture. From here, price is running into Bear Resistance, but the broader structure still supports a push toward the 7,000 area before any meaningful pause.
2️⃣ NQH26 (E-mini Nasdaq 100 Futures)
Nasdaq futures have followed a similar path, but with slightly less upside urgency. The contract retraced to close the gap created when the news first broke and is now consolidating between the December 11 high and December low. On the daily chart, that range continues to define the structure. I wouldn’t be surprised to see some digestion here, though overall I’m still looking for opportunities to the upside as long as conditions remain constructive.
3️⃣ YMH26 (E-mini Dow Futures)
Dow futures continue to be the strongest of the three. After closing the news-related gap from the long weekend, price pushed above Bear Resistance and is now working toward Bull Resistance. On an intraday basis, the Dow has shown more follow-through than both the S&P and Nasdaq and remains closer to its January 13 all-time high.
📊 Forecast Perspective
I also shared a forward-looking educational forecast for ESH26, targeting a move toward 7079.25 by February 12. These are not levels to trade off of, but they do help frame expectations. When a price target sits relatively close while the time target stretches out, it tells me the market may either grind higher, chop sideways, or accelerate and hit the objective early — but either way, that time-price combination acts as a magnet.
This is part of the broader forecasting approach I teach inside my Lost Forecasting Trading System, which I’ll revisit later in Q1.
Final Thoughts
While this week’s price action was clearly influenced by headlines,the rally itself didn’t catch me off guard. Looking at price, time, and momentum together helped me stay prepared for the upside we’ve seen since Wednesday, and that same discipline continues to guide how I assess what comes next.
If you found this walkthrough helpful, go ahead and hit the like button!
~Hima
📅 PS — Trader Trainings Next Week!
The calendar has been updated. Here’s what’s coming up:
Four Zones RSI Coverage System LIVE Training Update
📅 Kicks of Monday, January 26 at 4:30 PM ET
Ticker Request Live — free weekly trading show
📅 Tuesday, January 27 at 4:30 PM ET
You can view the full lineup here himareddy.com/events
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