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

An upwards breakout was expected after some more sideways movement. The upwards breakout has come a little more quickly than expected, but movement above 2,590.09 in the first hour of trading was a signal that the main hourly Elliott wave count was correct. Members then should have used the first target, which remains the same.

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

S&P 500 Elliott Wave Technical Analysis – 9th November, 2017

A sharp downwards movement today remained above the invalidation point on the main hourly Elliott wave count, and the long lower wick on this candlestick is interpreted as bullish.

Although bears were able to push price sharply lower, they could not hold the lows and they could not make a new swing low below the low of the 2nd of November.

Continue reading S&P 500 Elliott Wave Technical Analysis – 9th November, 2017