$SPX - Market Analysis for Jan 31st, 2019

SPX cash chart just hit the 2700 mark, which is the .618 retrace of the drop off the September high and the 1.382 extension of the initial a-wave off the December low. However, that does not necessarily mean we've topped until we get some confirmation from price.

$SPX - Micro - Jan-31 0749 AM (2 hour)
$SPX - Micro - Jan-31 0749 AM (2 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.