Monthly Archives: November 2012

S&P 500 Elliott Wave Technical Analysis – 29th November, 2012

Yesterday’s analysis expected upwards movement from the S&P 500 for Thursday’s session which is what has happened.

I have the same daily wave count for you, with the same two hourly wave counts. Today the main hourly wave count has increased in probability while the alternate has decreased.

Continue reading S&P 500 Elliott Wave Technical Analysis – 29th November, 2012

S&P 500 Elliott Wave Technical Analysis – 28th November, 2012

Movement slightly above 1,409.16 has invalidated the hourly wave count indicating that a double combination may be unfolding.

I have the same daily wave count for you which remains valid, and two hourly wave counts which look at most recent movement differently but expect the same direction next.

Continue reading S&P 500 Elliott Wave Technical Analysis – 28th November, 2012

S&P 500 Elliott Wave Technical Analysis – 27th November, 2012

Last analysis expected upwards movement during Tuesday’s session which did not happen. Price moved lower in a small range.

I have the same daily wave count and a very slightly adjusted hourly wave count for you today.

Continue reading S&P 500 Elliott Wave Technical Analysis – 27th November, 2012

S&P 500 Elliott Wave Technical Analysis – 26th November, 2012

The S&P 500 moved lower within allowable limits during Monday’s session, but upwards movement had been expected.

The wave count remains the same. I have still one daily and one hourly wave count for you today.

Continue reading S&P 500 Elliott Wave Technical Analysis – 26th November, 2012

DJIA Elliott Wave Technical Analysis – 23rd November, 2012

Last week’s analysis of the Dow expected upwards movement for this week which is what has happened.

Although price remains below the invalidation point I have adjusted the wave count to remain in line with the S&P 500. The slightly different take on recent movement has a typical look and a good probability.

This week I still have just the one daily wave count for you with only one hourly wave count at this stage.

Continue reading DJIA Elliott Wave Technical Analysis – 23rd November, 2012

S&P 500 Elliott Wave Technical Analysis – 23rd November, 2012

Movement above 1,407.56 invalidated the hourly wave counts. Upwards movement was allowed for, but not expected, and certainly not as much as we have got.

This has required a reanalysis of recent movement, and the implications are important.

Continue reading S&P 500 Elliott Wave Technical Analysis – 23rd November, 2012

S&P 500 Elliott Wave Technical Analysis – 21st November, 2012

As expected from yesterday’s main hourly wave count, which was favoured over the alternate, price has risen during Wednesday’s session towards the first target.

I have still the same single daily wave count for you. Both hourly wave counts remain valid but the main wave count has increased in probability.

Continue reading S&P 500 Elliott Wave Technical Analysis – 21st November, 2012

S&P 500 Elliott Wave Technical Analysis – 20th November, 2012

Yesterday’s analysis expected sideways and downwards movement for Tuesday’s session which is what happened. The structure on the hourly chart is unfolding as expected.

I have still just the one daily chart for you. Today I have two hourly charts which look at Tuesday’s movement differently; the structure is the same but the degree of labeling differs.

Continue reading S&P 500 Elliott Wave Technical Analysis – 20th November, 2012

S&P 500 Elliott Wave Technical Analysis – 19th November, 2012

Last analysis expected upwards movement for Monday’s session which is exactly what happened.

I will be looking closely at the structure of this upwards movement to determine what should happen next.

I have still just the one wave count, with daily and hourly charts for you today.

Continue reading S&P 500 Elliott Wave Technical Analysis – 19th November, 2012

DJIA Elliott Wave Technical Analysis – 16th November, 2012

The main hourly wave count from last week’s analysis expected the Dow to move higher in a correction for the week. That wave count had a confirmation point at 13,007.13. Price did not move above the confirmation point and instead moved lower for the week, and the alternate hourly wave count was correct.

This week I have just the one daily and one hourly wave count for you. This wave count is perfectly in line with my wave count for the S&P 500 and agrees with MACD as an indicator of momentum.

Continue reading DJIA Elliott Wave Technical Analysis – 16th November, 2012