S&P 500 Elliott Wave Technical Analysis – 20th September, 2017

Another new high was expected, but the sharp pullback during Wednesday’s session was not expected. Price remains well above the invalidation point on the hourly Elliott wave count.

On Balance Volume and the AD line give strong clues today as to what to expect next.

Continue reading S&P 500 Elliott Wave Technical Analysis – 20th September, 2017

S&P 500 Elliott Wave Technical Analysis – 18th September, 2017

Last end of week analysis warned that On Balance Volume supported the alternate Elliott wave count and a target for more upwards movement was given. Price has moved higher as that wave count expected and the On Balance Volume signal is now clear and strong.

Continue reading S&P 500 Elliott Wave Technical Analysis – 18th September, 2017

S&P 500 Elliott Wave Technical Analysis – 13th September, 2017

Again, last analysis warned that upwards movement may not be over and outlined what to look for to see if it was. There was room for more upwards movement, which is what has happened. A strong warning may come from On Balance Volume in the next 24 hours.

Continue reading S&P 500 Elliott Wave Technical Analysis – 13th September, 2017