Monthly Archives: July 2016

S&P 500 Elliott Wave Technical Analysis – 28th July, 2016

Upwards movement was expected for Thursday’s session.

Overall, price moved higher to print a green daily candlestick.

Continue reading S&P 500 Elliott Wave Technical Analysis – 28th July, 2016

S&P 500 Elliott Wave Technical Analysis – 27th July, 2016

Upwards movement was expected for Wednesday’s session.

Price whipsawed, invalidating both hourly Elliott wave counts, and closed only a little below the open for the day to overall move sideways.

Continue reading S&P 500 Elliott Wave Technical Analysis – 27th July, 2016

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

Sideways movement remained above the invalidation point on the main hourly Elliott wave count.

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

Downwards movement to below 2,168.98 but not below 2,159.75 was expected as most likely by the main Elliott wave count for Monday.

Price moved lower to reach 2,161.94.

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

S&P 500 Elliott Wave Technical Analysis – 22nd July, 2016

Price moved sideways as the main Elliott wave count expected.

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S&P 500 Elliott Wave Technical Analysis – 21st July, 2016

Upwards movement was expected but did not happen.

Price remains just above the invalidation point on the hourly wave count.

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

In the very short term, sideways movement was expected for one or two sessions before the upwards trend resumed, but this did not happen.

Price has moved higher.

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

A short term pullback was expected. Another small inside day completes a small red doji.

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

A short term pullback was expected. Price has not moved lower, but moved higher in a small inside day.

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