Tag Archives: stock market analysis today

S&P 500 Elliott Wave Technical Analysis – 31st March, 2017

A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation.

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S&P 500 Elliott Wave Technical Analysis – 13th March, 2017

Price has moved sideways in a small range for Monday’s session. This fits the hourly Elliott wave count and the alternate daily Elliott wave count best.

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

Upwards movement for the start of the week breaks above a prior small consolidation with a breakaway gap. Gaps can be useful for trading.

The target given by the Elliott wave count can now be calculated at two degrees, so it widens to a small zone.

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

Upwards movement was expected for the main Elliott wave count and this is what happened.

The alternate Elliott wave count is just hanging on by a couple of points.

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S&P 500 Elliott Wave Technical Analysis – 18th November, 2016

A slight new high and then downwards movement was expected for Friday. This is exactly what happened.

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S&P 500 Elliott Wave Technical Analysis – 28th October, 2016

A new low below 2,130.19 invalidated the main hourly Elliott wave count and confirmed the alternate hourly Elliott wave count.

At that stage, downwards movement was expected to move slightly below 2,124.43, finding support at the lilac trend line. Price found its low for Friday’s session right on the trend line.

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