S&P 500 Elliott Wave Technical Analysis – 1st April, 2015

Downwards movement was expected for the main Elliott wave count for Wednesday. This is what happened. Summary: The main wave count requires downwards movement tomorrow to complete a five down on the hourly chart. If price breaks above 2,073.31 tomorrow then it is...

S&P 500 Elliott Wave Technical Analysis – 4th February, 2015

A small correction was expected for the short term. This is exactly what happened. Summary: The trend is upwards and the breakout from this consolidation phase should come within the next one to three days. A third or C wave up may begin tomorrow. Alternatively, a...

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

A red candlestick was expected for Monday. This is not what happened. Summary: The target for upwards movement to end is 2,049. This may be met in one to three days. Click on charts to enlarge. Bull Wave Count I will favour neither the bull or bear wave count. Both...

S&P 500 Elliott Wave Technical Analysis – 21st August, 2014

The main Elliott wave count is confirmed and the alternate was invalidated with a new high. The target remains the same. Summary: The fourth wave did not show up, and may not show up for a few days yet. The short term target is 1,999, but this may herald only a brief...

S&P 500 Elliott Wave Technical Analysis – 24th July, 2014

Upwards movement was again expected from yesterday’s Elliott wave analysis. The wave count remains the same. Summary: The target at 2,009.86 may be now be met in about one to three days time. This specific target is also a maximum point for this upwards movement...

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

Upwards movement was expected, but the invalidation point on the hourly chart was slightly breached. The wave count is changed at the hourly chart level very slightly. The target remains the same. Summary: Upwards movement is incomplete. The target is at 1,939 to...

S&P 500 Elliott Wave Technical Analysis – 3rd April, 2014

Price moved lower as expected. A breach of the small channel on the hourly chart provides some confidence in this wave count. Summary: It is likely now that upwards movement has ended for the mid term. I still want to see a new low below 1,842.11 within the next few...