$SPY recap for 1/3/22!

Happy New Year! It looked like the bulls were still partying into the open with a gap up and a big push to start and then it was Wile E. Coyote cliff time, with a sharp drop that ended up holding throughout the day. Starting off in last month's range, so until price can get out of there, whipsaw action may continue. That said, FOMC minutes tomorrow at 2PM which could inject some fresh volatility tomorrow afternoon.