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S&P 500 Elliott Wave Technical Analysis – 28th November, 2017

The first target was met and passed today. Price continues higher towards the second target, which is calculated from a flag pattern using the measured rule. If price keeps rising through that target, then the next Elliott wave target would be used.

Continue reading S&P 500 Elliott Wave Technical Analysis – 28th November, 2017

S&P 500 Elliott Wave Technical Analysis – 3rd October, 2017

Bullishness in On Balance Volume and rising market breadth all have pointed recently to higher prices.

And in yesterday’s analysis it was noted there was a Three White Soldiers candlestick pattern on the daily chart, so higher prices today were completely expected.

Continue reading S&P 500 Elliott Wave Technical Analysis – 3rd October, 2017

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

Price remains above the invalidation point, but the closure of the last gap and price moving back down into the prior consolidation zone puts the breakout as false. The gap was a pattern gap and not a breakaway gap.

Continue reading S&P 500 Elliott Wave Technical Analysis – 21st June, 2017