Tag Archives: elliott wave

S&P 500 Elliott Wave Technical Analysis – 10th May, 2018

A strong signal from the AD line today means that the alternate Elliott wave counts will be discarded.

There is now reasonable confidence in the main Elliott wave count. Today’s open gap may be used to calculate a target using classic technical analysis, to add to the Elliott wave target.

Continue reading S&P 500 Elliott Wave Technical Analysis – 10th May, 2018

S&P 500 Elliott Wave Technical Analysis – 27th April, 2018

Price gapped higher but did not reach the short term target before turning a little lower in a mostly sideways day for Friday.

At the end of this week, there are signals from On Balance Volume, the AD line, and VIX that support the Elliott wave counts.

Continue reading S&P 500 Elliott Wave Technical Analysis – 27th April, 2018

S&P 500 Elliott Wave Technical Analysis – 24th April, 2018

A little upwards movement to a target at 2,694 – 2,696 was expected before a resumption of a pullback. Price did gap higher to complete the Elliott wave structure, but fell short of the target by 10.45 points. Thereafter, downwards movement unfolded as was expected overall for the week.

Continue reading S&P 500 Elliott Wave Technical Analysis – 24th April, 2018