Tag Archives: elliott wave s&p 500

S&P 500 Elliott Wave Technical Analysis – 17th August, 2017

The first hour of the session saw a break below the channel on the hourly Elliott wave charts. At that stage, downwards movement was expected, and an increase in downwards momentum was also expected. So far price is fulfilling those expectations.

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

A new low below 2,462.17 in the first hour of the session added confidence to the Elliott wave count which expected a deeper pullback was in the early stages. The target for it to end and the expectation for how long it may last will remain the same for now.

Continue reading S&P 500 Elliott Wave Technical Analysis – 10th August, 2017

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