Tag Archives: elliott wave

S&P 500: Elliott Wave and Technical Analysis | Charts – July 16, 2019

Yesterday’s bearish short-term divergence between price and both of the AD line and inverted VIX suggested downwards movement for today’s session. The target for a small pullback was 3,004.97. The low for the session was 3.82 points below this target.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – July 16, 2019

S&P 500: Elliott Wave and Technical Analysis | Charts – June 20, 2019

Upwards movement was expected to continue and to show an increase in strength. A new all time high was expected.

Volume for the NY Comp today at 3.8 billion shares is well above the 30 day average of 3.4 billion shares, fitting the expectation of strength in this upwards trend.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 20, 2019