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Jan. 26, 2024: S&P 500 Daily Market Analysis




For Friday, the 4933.00 level can contain buying through Q2, below which 4767.25 remains a 2 - 3 week target, 4462.50 attainable by the end of Q2.


Downside, 4826.25 can contain session weakness, while closing below 4826.25 indicates 4767.25 within several days where the market can bottom out through next week, once tested 4932.75 attainable again within several weeks.


On the other hand, a daily settlement below 4767.25 signals a good high through March activity, 4462.50 then considered 1 - 2 month objective.


Upside Friday, closing above 4933.00 signals 4982.25 within several days, while closing the week itself above 4933.00 indicates 5103.75 within 2 - 3 weeks, 5878.00 expected by the end of the year.


Cheers to your trading success,

Anthony Speciale

Speciale Analysis

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