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As of today, January 11, DJIA and S&P reached their intraday highs on January 6, the first day of the recent Ezone, January 6- 8, Focus Day January 7. These highs are now an important benchmark and if and when they are exceeded it would indicate the indices should advance at least another 2-5 percent within one-two weeks.
The next Major Ezone we are currently looking at is January 21-23, Focus Day, January 22. There is the possibility that Monday, January 26, will be added to this Ezone.
Bottom Line
Currently, the odds are slightly in favor of the indices declining toward the January 21-23 Ezone.