A new alternate Elliott wave count for the short term picture expected another low to find support about 2,747. The low for the session was at 2,743, sitting almost perfectly on a trend line that was expected to provide final support.
Continue reading S&P 500 Elliott Wave Technical Analysis – 19th June, 2018
A consolidation was expected to end about 2,769. Sideways movement overall fits the form of a consolidation, although it has turned out so far to be more shallow than expected.
Continue reading S&P 500 Elliott Wave Technical Analysis – 14th June, 2018
Upwards movement continues exactly as the main Elliott wave count and classic technical analysis expect. When classic technical analysis offers strong support to the Elliott wave count, then confidence may be had in the analysis overall.
Continue reading S&P 500 Elliott Wave Technical Analysis – 8th June, 2018
Yesterday’s analysis expected a short term pullback to continue. A little upwards movement within the pullback fits expectations as wave B unfolds. The Elliott wave count remains the same.
Continue reading S&P 500 Elliott Wave Technical Analysis – 16th May, 2018
As expected from yesterday’s AD line and VIX bearish signals, price moved lower today.
Two support lines are identified on charts today, along with a Fibonacci ratio, to indicate where the pullback may end.
Continue reading S&P 500 Elliott Wave Technical Analysis – 15th May, 2018
A strong signal from On Balance Volume adds confidence to the Elliott wave count.
Continue reading S&P 500 Elliott Wave Technical Analysis – 11th May, 2018
Upwards movement was expected, and so far overall what is happening.
There is strong resistance at this point to be overcome before the target can be reached.
Continue reading S&P 500 Elliott Wave Technical Analysis – 12th April, 2018
Downwards movement continues towards the target. Now that there is more structure in this downwards wave to analyse the target is calculated at a lower degree.
Continue reading S&P 500 Elliott Wave Technical Analysis – 22nd March, 2018
The new main Elliott wave count expected another downwards day, which is exactly what has happened.
Continue reading S&P 500 Elliott Wave Technical Analysis – 1st March, 2018
An upwards day was expected to continue the new trading week for Tuesday. The session did make a higher high, but then price turned down strongly. Signals today from both the AD line and VIX indicate the direction for price tomorrow.
Continue reading S&P 500 Elliott Wave Technical Analysis – 27th February, 2018