SP500 technical analysis for today January 25th using Elliott Wave Theory- The market sold off furiously Sunday and into the Monday open dropping 3.5% before the bulls stepped in and rallied the market back to green in an impressive reversal. Now we are watching to see if the bulls can hold the pivot. if they can we should see them push to 4464 ES which would be an indication the bottom is in on the SP500.

SP500 technical analysis using Elliott Wave Theory is also telling us that if they can’t hold the pivot it becomes very likely we see one more low in wave 5 of C to bottom wave 4 and give us a start to the next rally on the SP500