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Jan 7, 2023 10:25 AM

S&P 500 Daily Chart Analysis For Week of January 6, 2023 

S&P 500SP

Description

Technical Analysis and Outlook
The downtrend to Inner Index Dip 3785 was completed two weeks ago and retested. The upside target to the Mean Res 3880 has been finalized, and the index continuously displays a bullish influence with the current market sentiment. The additional upside moves to Mean Res 4020, 4085, with Outer Index Rally 4140 currently being at the crosshair. The pullbacks with this upcoming major rally are to be expected.
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