Tag Archives: S&P 500 elliott wave analysis

S&P 500 Elliott Wave Technical Analysis – 21st November, 2017

An upwards breakout was expected after some more sideways movement. The upwards breakout has come a little more quickly than expected, but movement above 2,590.09 in the first hour of trading was a signal that the main hourly Elliott wave count was correct. Members then should have used the first target, which remains the same.

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S&P 500 Elliott Wave Technical Analysis – 15th November, 2017

Downwards movement was overall expected, but it was expected that price should have a short term bounce first. Downwards movement is now choppy and overlapping, suggesting an Elliott wave diagonal may be unfolding.

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S&P 500 Elliott Wave Technical Analysis – 8th September, 2017

The short term outlook from last analysis expected a short spike up to just above 2,467.57 and then a downturn. This is not what happened. Price has moved sideways in a small range suggesting a small Elliott wave triangle.

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S&P 500 Elliott Wave Technical Analysis – 21st August, 2017

A green daily candlestick was expected for Monday. Although price has made a lower low and a lower high, the candlestick did close green as the expected bounce came at the end of Monday’s session.

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S&P 500 Elliott Wave Technical Analysis – 29th March, 2017

A small inside day fits within the Elliott wave count. The candlestick closed green and the balance of volume for the session was upwards. Overall, today may be read as neutral.

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