ES Morning Update Jan 30th

Yesterday chopped around one key level in ES: 6066-70. It failed pre-FOMC, with a few very quick dips below it til market closed..after, targets at 6087(hit), 6094(hit), and 6105(not yet). We reached 6101 tops overnight.

As of now:
• 6074, 6066 = key supports; bulls remain in control above
• Holding keeps 6098, 6105, and 6120 in play
• If 6066 fails, expect a selloff toward 6055, then 6043