S&P 500 Elliott Wave Technical Analysis – 18th October, 2017

The short term Elliott wave count is changed but the target remains the same. A new alternate Elliott wave count with a new short term target fits continuing bearishness with indicators, notably market breadth, VIX and RSI. Summary: The structure is now incomplete and...

S&P 500 Elliott Wave Technical Analysis – 5th July, 2017

A red daily candlestick was expected for Wednesday’s session. Price has made a lower low and a lower high, the definition of downwards movement, but the candlestick has closed green after a rally at the end of the session. Summary: Expect now a multi week to...

S&P 500 Elliott Wave Technical Analysis – 30th June, 2017

Last analysis concluded the situation was unclear for the short term. A smaller range inside day mostly fits expectations. Upwards movement during Friday’s session remains well below the invalidation point on the hourly chart. Summary: Expect now a multi week to...

S&P 500 Elliott Wave Technical Analysis – 16th March, 2017

Price moved lower for the session, which was what was expected for the short term from the hourly Elliott wave count. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another two days and possibly a few weeks longer. Target zones...

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

A slight new low changes the structure on the main hourly Elliott wave count. The new labelling has a better fit. Summary: It is increasingly likely today that the next wave up has just begun. Confidence would be had above 2,294.08. The target is 2,338 for the short...

S&P 500 Elliott Wave Technical Analysis – 21st July, 2016

Upwards movement was expected but did not happen. Price remains just above the invalidation point on the hourly wave count. Summary: Sideways movement for another three sessions may complete a fourth wave. This will be the preferred outlook while price remains above...

S&P 500 Elliott Wave Technical Analysis – 30th June, 2016

Downwards movement was expected as most likely for the session, but it was allowed that price could continue higher. Price remains below the invalidation point. Summary: In the short term, it looks like upwards movement is not quite over. But this upwards wave is very...

S&P 500 Elliott Wave Technical Analysis – 10th June, 2016

Downwards movement unfolded as expected for Friday’s session. Summary: In the short term, a bounce up on Monday looks likely, which may end about 2,109. If it is very deep, it may end when price finds resistance at the lower edge of the blue channel on the...