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

Price moved higher to 2,009, above the target which was 2,002 or 2,004. Summary: Confirmation that the correction is over is required with a new low below 1,962.96. Upwards movement may continue while price remains above this point. A low below 1,962.96 by any amount...

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

Last analysis reminded members that the trend is still down. A new low below the August lows was expected. Summary: The trend is still down. When markets open on Tuesday a new low below 1,857.83 would be very bearish. If that happens, expect surprises to the downside....

S&P 500 Elliott Wave Technical Analysis – 23rd March, 2015

A slight new high was made before price turned down to complete a red candlestick. The short term target was not met. Summary: The target remains at 2,178 now calculated at two wave degrees. The upper blue 1-3 trend line should be overshot before this movement is...

S&P 500 Elliott Wave Technical Analysis – 10th December, 2014

Downwards movement was expected for Wednesday’s session. Summary: We should always assume the trend remains the same, until proven otherwise. The trend is your friend. At this stage I will assume that a small second wave correction is unfolding, and the target...

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

Upwards movement was expected. I can now calculate a target for the alternate bear wave count. Summary: Any movement above 2,019.26 would invalidate the main bear wave count and confirm the alternate. At that stage the target of upwards movement would be 2,044. The...

S&P 500 Elliott Wave Technical Analysis – 22nd October, 2014

Upwards movement was expected. This has been followed by a little downwards movement which still fits within this Elliott wave count perfectly. Summary: At least one more short upwards wave is required to complete the structure. The target is 1,971. Click on charts to...