S&P 500 Elliott Wave Technical Analysis – 23rd December, 2014

Upwards movement was again expected. The upper edge of the black channel on the daily Elliott wave chart looks like it is again providing resistance. Summary: The short term target at 2,097 – 2,098 may be too optimistic. I expect another small green candlestick...

S&P 500 Elliott Wave Technical Analysis – 2nd December, 2014

Upwards movement was expected. The Elliott wave count remains the same. Summary: One final small fifth wave is now all that is required to complete this structure at primary (bull count) or cycle degree (bear count). The target is now at 2,087 – 2,089. Click on...

S&P 500 Elliott Wave Technical Analysis – 1st August, 2014

Downwards movement continued as expected. The target at 1,922 – 1,921 was passed and exceeded by 4.63 points. I have two hourly Elliott wave counts for you today. Summary: It is most likely we shall see more downwards movement to begin the new trading week. The...

S&P 500 Elliott Wave Technical Analysis – 18th July, 2014

Upwards movement was expected for Friday’s session from last Elliott wave analysis. The main hourly wave count has the “right look”. Summary: I expect upwards movement from here towards 2,010. This may be met in another 23 trading days. Click on...

S&P 500 Elliott Wave Technical Analysis – 23rd June, 2014

Downwards movement was expected for Monday’s session. Price has moved sideways and slightly lower to complete a very small red doji candlestick. The Elliott wave structures still have a very typical look and the wave count remains the same. Summary: A new low...

S&P 500 Elliott Wave Technical Analysis – 31st March, 2014

Upwards movement invalidated the hourly wave count. This continuing sideways movement in an ever decreasing range suggests a triangle may be forming, and I will revert again to that idea as an alternate. Summary: With the hourly wave count invalidated I do not have...

S&P 500 Elliott Wave Technical Analysis – 17th March, 2014

Last analysis expected downwards movement for Monday towards 1,817 to 1,812. This is not what happened as price moved higher. However, upwards movement remains below the invalidation point. The wave count remains mostly the same. Summary: The trend remains down at...

S&P 500 Elliott Wave Technical Analysis – 4th March, 2014

A new high was unexpected and has invalidated the hourly wave counts. I have a new wave count for you today. Summary: The situation is unclear but in the bigger picture I favour the idea that we should see overall downwards movement for about three weeks. Downwards...

S&P 500 Elliott Wave Technical Analysis – 14th February, 2014

Upwards movement continued as expected towards the target which has not yet been met. The target remains the same. The wave count remains the same. Summary: Minor wave 2 may end in just one more day about 1,843.When the parallel channel on the hourly chart is clearly...