$SPX - Market Analysis for Jan 25th, 2019

Reminder on the 2 hr chart, if last week's high is exceeded, then the .618 retrace at 2700 and the 200 day SMA at 2741 are the next main resistance levels above to watch. The higher price stretches though, the more likely all of wave (B) is completing rather than just wave A of (B).

$SPX - Micro - Jan-25 0921 AM (2 hour)
$SPX - Micro - Jan-25 0921 AM (2 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.