Tag Archives: elliott wave counts s&p

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

A new low below 2,422.88 has invalidated the main Elliott wave count and confirmed the alternate. Yesterday’s bearish divergence between price and the AD line and VIX did warn of a possible breakdown.

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

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

The main Elliott wave count expected upwards movement. This happened at the end of the session for the candlestick to close green, but a lower low and a lower high for the session saw price overall move down from the prior day.

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

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

Price remains above the invalidation point, but the closure of the last gap and price moving back down into the prior consolidation zone puts the breakout as false. The gap was a pattern gap and not a breakaway gap.

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

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

Downwards movement was expected to most likely be a small pullback within an ongoing upwards trend.

The pullback has remained above the invalidation point, as expected. The target is slightly adjusted; the Elliott wave target is now only 2 points from the classic analysis target.

Continue reading S&P 500 Elliott Wave Technical Analysis – 7th June, 2017