S&P 500 Elliott Wave Technical Analysis – 13th April, 2017

Last analysis expected that the S&P was now in a primary degree pullback to continue lower. To end the short trading week, Thursday saw price move lower as expected.

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S&P 500 Elliott Wave Technical Analysis – 12th April, 2017

Price is still range bound, completing an inside day. The breakout is now expected to come tomorrow.

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S&P 500 Elliott Wave Technical Analysis – 11th April, 2017

Price is still range bound, testing support at today’s low. The breakout will come, and the longer price coils within this range the more violent the breakout may be.

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S&P 500 Elliott Wave Technical Analysis – 10th April, 2017

Price remains range bound again today. The longer price remains coiled between resistance and support, the closer and more violent the breakout will be.

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S&P 500 Elliott Wave Technical Analysis – 7th April, 2017

A breakout was expected for Friday but did not happen. An inside day was completed. Price remains range bound for this market.

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S&P 500 Elliott Wave Technical Analysis – 6th April, 2017

Again, upwards movement was expected. The session closed green although it completed with a lower low and a lower high, the definition of downwards movement. Price remains range bound between resistance at about 2,370 and support at about 2,340. The breakout will probably come tomorrow during Non Farm Payroll data release.

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S&P 500 Elliott Wave Technical Analysis – 5th April, 2017

Upwards movement was expected. Price did move higher to begin the session, but fell strongly in the final hours to close red. An outside day was completed.

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S&P 500 Elliott Wave Technical Analysis – 4th April, 2017

Upwards movement was expected for Tuesday’s session. The session completed a green daily candlestick, but it was an inside day with no new high.

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S&P 500 Elliott Wave Technical Analysis – 31st March, 2017

A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation.

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