MM Quick Update - Market Analysis for Jan 27th, 2025

By Dr. Cari Bourette

Jan 27, 2025 - 2:57 PM EST

An Extreme Caution warning went out late Friday with sentiment pointing to turbulence and a paradigm shift, MMI pointing down for Monday RTH open and today being the last day of a weeks long "Sharp Drop Alert." There was no specific MMI daily direction call for today and the market is strongly lower. MMI for Tuesday is up and Wednesday is same direction that Tuesday actually closes. Preliminary for Thursday is up. Sentiment for tomorrow implies extreme tension, like a rubber band about to be snapped (Wednesday would most likely be the snap).

The latest MMI vs S&P 500 chart (below) has a nice spot for today's drop and would look even better with one more big drop. The MMI2 chart is just fine with things as they are and seems to be ready to continue higher if that's how it goes.

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."

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