S&P 500 Daily Chart Analysis For Week of Jan 24, 2025

Technical Analysis and Outlook:
During this week's trading session, the S&P 500 successfully achieved our predefined target of Outer Index Rally, 6123, corresponding to the Key Resistance established at 6090. The market is currently exhibiting a phase of consolidation, as the bullish trend appears to be transiently suspended following the conclusion of the outer index rally. It is, however, essential to acknowledge that the absence of a significant corrective pullback may facilitate the re-initiation of a bullish trajectory toward additional rally targets. Such a development would position the market advantageously for the forthcoming phase of the bullish trend.