Monthly Archives: May 2016

S&P 500 Elliott Wave Technical Analysis – 31st May, 2016

The target at 2,099 was slightly overshot at the start of today’s session, but price then turned down to breach the channel on the hourly chart.

So far price is behaving as expected and offering what looks like a perfect trade set up during today’s session.

Continue reading S&P 500 Elliott Wave Technical Analysis – 31st May, 2016

S&P 500 Elliott Wave Technical Analysis – 26th May, 2016

A tiny red daily doji candlestick sits right on the trend line. Both hourly Elliott wave counts remain valid.

Continue reading S&P 500 Elliott Wave Technical Analysis – 26th May, 2016

S&P 500 Elliott Wave Technical Analysis – 25th May, 2016

More upwards movement was expected to a target at 2,099 or resistance at the bear market trend line.

Price has stopped for the session right at the trend line.

Continue reading S&P 500 Elliott Wave Technical Analysis – 25th May, 2016

S&P 500 Elliott Wave Technical Analysis – 24th May, 2016

Last analysis expected upwards movement, which is exactly what happened.

Continue reading S&P 500 Elliott Wave Technical Analysis – 24th May, 2016

S&P 500 Elliott Wave Technical Analysis – 20th May, 2016

Friday’s analysis came with the warning that the session may print a green daily candlestick, which is what happened.

Continue reading S&P 500 Elliott Wave Technical Analysis – 20th May, 2016

S&P 500 Elliott Wave Technical Analysis – 19th May, 2016

More downwards movement was expected for Thursday’s session, which is what happened.

Continue reading S&P 500 Elliott Wave Technical Analysis – 19th May, 2016

S&P 500 Elliott Wave Technical Analysis – 18th May, 2016

Downwards movement was expected from the main Elliott wave count again yesterday, which is exactly what happened.

Upwards movement during the session was also expected for a second wave bounce.

Continue reading S&P 500 Elliott Wave Technical Analysis – 18th May, 2016

FTSE Elliott Wave Technical Analysis – 18th May, 2016

FTSE breached the channel confirming a trend change. Thereafter, it continued lower as expected.

Continue reading FTSE Elliott Wave Technical Analysis – 18th May, 2016