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

A slight new high changes the wave count, which was unexpected. Summary: I still expect a five wave structure downwards to end at the lower of the two aqua blue trend lines. The new high is unconfirmed by the DJIA, DJT, and Nasdaq. Recent upwards movement is very...

S&P 500 Elliott Wave Technical Analysis – 7th March, 2014

Yesterday’s analysis expected downwards movement to most likely begin, but a channel breach was required before confidence could be had in a trend change. Price moved slightly higher and remains well within the channel. The wave count remains the same. Summary:...

S&P 500 Elliott Wave Technical Analysis – 20th February, 2014

There is now a very clear channel breach on the daily chart with a full candlestick outside the channel. Despite upwards movement at the end of the session creating a green candlestick for Thursday the wave count remains the same and I have a little more confidence in...

S&P 500 Elliott Wave Technical Analysis – 5th February, 2014

I had expected choppy overlapping movement for the start of a second wave correction which is what happened. The wave count remains the same. Summary: A minor degree second wave has begun. I will expect choppy, overlapping movement for about one to two weeks. Tomorrow...

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

Last analysis expected some upwards movement for one to two days. Price has moved higher, although the daily candlestick for Friday is red. The wave counts remain the same, and the alternate has reduced in probability. Click on the charts below to enlarge. This wave...

S&P 500 Elliott Wave Technical Analysis – 17th December, 2013

Last analysis expected downwards movement for Tuesday’s session which is exactly what happened. The short term target has been recalculated. The wave counts remain the same. Click on the charts below to enlarge. Main Wave Count. This wave count has a higher...

S&P 500 Elliott Wave Technical Analysis – 19th November, 2013

Yesterday’s analysis expected a fourth wave correction to continue, and possibly end at the end of Tuesday’s session. This is what happened. There were several possibilities yesterday for the structure of this fourth wave, and the most common flat...

S&P 500 Elliott Wave Technical Analysis – 28th October, 2013

Last analysis expected one more day of upwards movement to a target at 1,764 to 1,765. Price moved higher to reach 1,764.99. This is a critical juncture. If the main wave count is correct then we should see a trend change either now or maybe within another eight days....

S&P 500 Elliott Wave Technical Analysis – 15th October, 2013

Yesterday’s analysis expected downwards movement for Tuesday as a second wave correction began. Price did move lower in typically choppy overlapping corrective movement. Click on the charts below to enlarge. Intermediate wave (4) is now over and lasted 14 days,...