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

A little downwards movement to below 2,340.51 but not below 2,336.45 was expected during Friday’s session.

Price did move lower, but it made a slight new low below 2,336.45, which was not expected.

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

Price moved overall upwards with a higher high and a higher low for the session. Upwards movement was expected.

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

Price moved a little lower before bouncing upwards to close green at the end of the session.

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

Downwards movement continued, as expected, and found support at three different trend lines.

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S&P 500 Elliott Wave Technical Analysis – 20th March, 2017

Another downwards day has unfolded as expected to start the new trading week. The Elliott wave count remains the same and has support from volume and ADX.

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

On Friday another downwards day unfolded exactly as expected for the S&P500.

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

Price moved lower for the session, which was what was expected for the short term from the hourly Elliott wave count.

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

A very short term target expected some upwards movement for one or two days to a target zone at 2,380 to 2,383. Price moved higher as expected for Wednesday’s session, reaching 2,390.01.

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