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
Yesterday it was noted that bullish divergence in both VIX and market breadth suggested an upwards session for Thursday. This is what has happened.
Continue reading S&P 500 Elliott Wave Technical Analysis – 22nd June, 2017
Price is range bound. A small red doji does not change the Elliott wave count.
Continue reading S&P 500 Elliott Wave Technical Analysis – 1st May, 2017
It looks like price has broken upwards out of a symmetrical triangle.
Some trading advice on how to use gaps is offered today to members.
Continue reading S&P 500 Elliott Wave Technical Analysis – 25th April, 2017
Upwards movement was expected for the short term. Price remains just below the invalidation area for the Elliott wave count.
Continue reading S&P 500 Elliott Wave Technical Analysis – 24th 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.
Continue reading S&P 500 Elliott Wave Technical Analysis – 13th 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.
Continue reading S&P 500 Elliott Wave Technical Analysis – 10th April, 2017
Monday was expected to be an upwards day, but this is not what happened.
Continue reading S&P 500 Elliott Wave Technical Analysis – 27th March, 2017
Downwards movement continued, as expected, and found support at three different trend lines.
Continue reading S&P 500 Elliott Wave Technical Analysis – 21st 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