$SPX - Market Analysis for Jan 16th, 2019

2625 SPX target effectively achieved at the high this morning, but don't get too excited about immediate downside until at least 2594 is taken out. Otherwise, a small overshoot of resistance is possible, with 2631 and 2650 as the next notable levels above.

$SPX - Micro - Jan-16 0733 AM (2 hour)
$SPX - Micro - Jan-16 0733 AM (2 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.