The index entered another milestone on January 15. Currently, the S&P 500 is in the 14th Phase; however, after moderate weed out weak longs (Pullback), the market is moving on.
We will observe the market for the next few days, how and when the Outer Index Rally $3,316 and Inner Index Rally $3,337 will get completed.
On the downside, we have significant Mean Sup $3,223 to deal with: Additional supports are as follows: Mean Sup $3,192, Mean Sup $3,170, Mean Sup $3,132, and Key Sup $3,075.
To continue the rest market story, see 'Market Commentary & Analysis January 15, 2020 page, at TradingSig_dot_com.