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 →

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 →

A new low below 2,668.62 in the first hour of trading invalidated the main hourly wave count and gave confidence to the alternate. At that stage, more downwards movement to new lows was expected. The targets have not yet been met.

Continue reading S&P 500 Elliott Wave Technical Analysis – 8th February, 2018 →