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SPX500 28th January, 2011

Elliott Wave chart analysis for the SPX500 for 28th January, 2011. Please click on the charts below to enlarge. Friday’s session saw one final small wave to the upside, followed by some violent downward movement. It is increasingly likely that we may have seen a...

SPX500 27th January, 2011

Elliott Wave chart analysis for the SPX500 for 27th January, 2011. Please click on the charts below to enlarge. We have a little further upward movement to a new high. Therefore, we have only one hourly wave count today. We should expect price to continue higher for...

SPX500 26th January, 2011

Elliott Wave chart analysis for the SPX500 for 26th January, 2011. Please click on the charts below to enlarge. Upward movement has failed to make a new high. We still do not have confirmation of a trend change. The possibility of further highs while price remains...

SPX500 25th January, 2011

Elliott Wave chart analysis for the SPX500 for 25th January, 2011. Please click on the charts below to enlarge. Sideways movement in an increasing range has invalidated the hourly wave count necessitating a thorough reanalysis of most recent movement. I have two...

SPX500 21st January, 2011

Elliott Wave chart analysis for the SPX500 for 21st January, 2011. Please click on the charts below to enlarge. Movement above 1,285.1 confirmed the main hourly wave count and invalidated the alternate. At that stage we expected the S&P to continue to rise. We do...

SPX500 20th January, 2011

Elliott Wave chart analysis for the SPX500 for 20th January, 2011. Please click on the charts below to enlarge. Downward movement continues as expected for both hourly wave counts. We now have a bearish candlestick pattern and reasonable movement outside the lower...

SPX500 19th January, 2011

Elliott Wave chart analysis for the SPX500 for 19th January, 2011. Please click on the charts below to enlarge. Yesterday’s analysis at the hourly chart level indicated downward movement for both the main and alternate wave counts. We have seen some very strong...

SPX500 18th January, 2011

Elliott Wave chart analysis for the SPX500 for 18th January, 2011. Please click on the charts below to enlarge. The trend remains up until proved otherwise and at this stage we do not have indication nor confirmation of a trend change. This is an expiring trend,...

SPX500 14th January, 2011

Elliott Wave chart analysis for the SPX500 for 14th January, 2011. Please click on the charts below to enlarge. Upward movement was not over and our alternate hourly wave count was correct. I have two hourly wave counts again for you to end the trading week. We can...