Monthly Archives: February 2017

S&P 500 Elliott Wave Technical Analysis – 28th February, 2017

A downwards day was expected for Tuesday’s session.

There are only now two hourly Elliott wave counts.

Continue reading S&P 500 Elliott Wave Technical Analysis – 28th February, 2017

S&P 500 Elliott Wave Technical Analysis – 27th February, 2017

Upwards movement was not expected for Monday. The main Elliott wave count expected downwards movement for the session.

The current situation has multiple possibilities and for members today three hourly Elliott wave counts are again presented along with some cautious trading advice on how to approach this market.

Continue reading S&P 500 Elliott Wave Technical Analysis – 27th February, 2017

S&P 500 Elliott Wave Technical Analysis – 24th February, 2017

A downwards day was not expected for Friday. The slight new lower high and lower low essentially moved price sideways for the session.

Continue reading S&P 500 Elliott Wave Technical Analysis – 24th February, 2017

S&P 500 Elliott Wave Technical Analysis – 23rd February, 2017

A red daily candlestick with a long lower wick makes the Elliott wave count have a better look now at the daily chart level.

Continue reading S&P 500 Elliott Wave Technical Analysis – 23rd February, 2017

S&P 500 Elliott Wave Technical Analysis – 22nd February, 2017

A small sideways day sees the Elliott wave count slightly adjusted, which effects the target zone. An alternate hourly Elliott wave count is provided today just in case.

Continue reading S&P 500 Elliott Wave Technical Analysis – 22nd February, 2017

S&P 500 Elliott Wave Technical Analysis – 21st February, 2017

Upwards movement for the start of the week breaks above a prior small consolidation with a breakaway gap. Gaps can be useful for trading.

The target given by the Elliott wave count can now be calculated at two degrees, so it widens to a small zone.

Continue reading S&P 500 Elliott Wave Technical Analysis – 21st February, 2017

S&P 500 Elliott Wave Technical Analysis – 17th February, 2017

Friday completed an inside day which fits the Elliott wave count well.

Continue reading S&P 500 Elliott Wave Technical Analysis – 17th February, 2017

S&P 500 Elliott Wave Technical Analysis – 16th February, 2017

Thursday’s session was expected as very likely to see price move lower due to strong and unusual divergence between price and VIX for Wednesday’s session, which was interpreted as bearish.

Thursday made a slightly higher high and a higher low, the definition of upwards movement, but the candlestick closed red and the balance of volume for the session was downwards.

Continue reading S&P 500 Elliott Wave Technical Analysis – 16th February, 2017

S&P 500 Elliott Wave Technical Analysis – 15th February, 2017

The short term target has been met and the mid term target remains the same.

Price continued higher and almost met the target, which was at 2,353, fitting the second hourly Elliott wave chart.

Continue reading S&P 500 Elliott Wave Technical Analysis – 15th February, 2017

S&P 500 Elliott Wave Technical Analysis – 14th February, 2017

Upwards movement continues as expected.

A very bearish alternate (which was judged to have a very low probability) has been invalidated today. This adds confidence to the main Elliott wave count and the targets.

Continue reading S&P 500 Elliott Wave Technical Analysis – 14th February, 2017