S&P 500 Elliott Wave Technical Analysis – 23rd May, 2016

A small inside day does not clarify the situation. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. The main hourly wave count expects upwards movement for another two days (or maybe a little longer) to a target at 2,099...

S&P 500 Elliott Wave Technical Analysis – 4th May, 2016

A little upwards movement was expected to begin the session but did not happen. Price moved lower as the larger trend expected. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right...

S&P 500 Elliott Wave Technical Analysis – 15th March, 2016

Upwards movement was expected. Price made a slight new low on another very small range quiet day. Summary: The mid term trend is still most likely up. In the short term, a small fourth wave correction may continue sideways. When it is done the target for the next wave...

S&P 500 Elliott Wave Technical Analysis – 9th October, 2015

Price moved a little higher and did not breach the channel on the hourly chart. The channel must be breached before this upwards wave is confirmed as complete. An alternate target is added for the possibility that it may continue further. Summary: The channel on the...

S&P 500 Elliott Wave Technical Analysis – 11th May, 2015

Upwards movement was expected for Monday, but this is not what happened. Some downwards movement was expected, but for later this week and not for Monday. The Elliott wave count remains the same. Summary: Downward movement for Monday is showing on the daily chart as a...

S&P 500 Elliott Wave Technical Analysis – 5th May, 2015

The main hourly Elliott wave count expected downwards movement which is what happened. Summary: It is most likely downwards movement will continue for at least one more day, and maybe two. The target remains the same at 2,071, with a limit at 2,013.27. Downwards...