S&P 500 Elliott Wave Technical Analysis – 29th April, 2015

Upwards movement was expected, but did not happen. Price remains within the diagonal trend lines and above the invalidation point on the hourly Elliott wave chart. Summary: I have a new wave count today which is a slight variation on yesterday’s wave count. A...

S&P 500 Elliott Wave Technical Analysis – 17th April, 2015

Downwards movement was expected and showed up at the end of the week, with an increase in volume which was also expected. Summary: The small channel on the hourly chart is breached, and a new low below 2,083.24 adds confidence to the idea that the S&P has begun a...

S&P 500 Elliott Wave Technical Analysis – 26th February, 2015

Upwards movement was expected, but price moved lower for the session to complete a red candlestick. The invalidation point was not breached. Summary: I expect more upwards movement to a target at 2,133. If it ends in another five sessions minor wave 5 may total a...

S&P 500 Elliott Wave Technical Analysis – 13th February, 2015

Upwards movement was expected again for both Elliott wave counts. Note: My internet connection today will not allow me to upload video. I have said everything I need to say in the article below. Summary: The upwards trend should continue next trading day. The short...

S&P 500 Elliott Wave Technical Analysis – 20th January, 2015

Generally speaking the S&P 500 unfolded towards the upside as expected. However, the latest upwards movement did not unfold in a five wave structure, and is clearly corrective and that suggests that the structure we have been following is still incomplete....

S&P 500 Elliott Wave Technical Analysis – 12th January, 2015

A new low was expected to begin the session. The upwards trend should have resumed. Summary: The short term target is at 2,139. A new high above 2,113.43 would provide price confirmation that the bull market will continue for a little longer, and would provide...

S&P 500 Elliott Wave Technical Analysis – 6th October, 2014

Upwards movement was expected and was how Monday’s session began. Thereafter, some downwards movement produced a red candlestick which fits the Elliott wave count nicely, so far. Summary: I expect to see a third wave up this week. Tomorrow should begin with a...