S&P 500 Elliott Wave Technical Analysis – 17th April, 2013

Yesterday’s analysis expected upwards movement to a minimum target at 1,592.85 for the main wave count, before downwards movement to a new low below 1,552.35. We did not get any upwards movement, but price moved to a new low. The structure for this fourth wave...

S&P 500 Elliott Wave Technical Analysis – 28th March, 2013

Last analysis expected the S&P 500 to move higher during Thursday’s session, which it did. The targets have not yet been met, but are now very close. Click on the charts below to enlarge. The structure is within the second zigzag of a double labeled primary...

S&P 500 Elliott Wave Technical Analysis – 20th March, 2013

Last analysis expected upwards movement for the main wave count which is what happened, but price has not yet broken through the confirmation point. Both wave counts remain valid. However, upwards movement for Wednesday’s session does not have the correct...

S&P 500 Elliott Wave Technical Analysis – 12th March, 2013

Yesterday’s analysis expected Tuesday’s session to begin with a fraction of a point or so of upwards movement, then for price to turn and move downwards. This is exactly what happened. The fourth wave correction is now showing up on the daily chart and...

S&P 500 Elliott Wave Technical Analysis – 1st March, 2013

Last analysis expected some upwards movement most likely for Friday’s session which is what we have seen. I am changing the monthly wave count. It does not change expected direction but it does change targets. I have two daily wave counts with the main wave...

S&P 500 Elliott Wave Technical Analysis – 7th February, 2013

Yesterday’s analysis had two hourly wave counts. Price has moved lower as the alternate hourly wave count expected, although it did not reach down to the target. Price has remained above the invalidation point on the main hourly wave count and so both wave...