Last analysis expected at least a little more downwards movement for Thursday’s session. The main hourly chart expected movement to about 2,654, and the low for the session was just below this point at 2,652.10.
A candlestick reversal pattern on the S&P and another on VIX today indicate strongly what looks most likely to happen next.
Continue reading S&P 500 Elliott Wave Technical Analysis – 14th December, 2017
All three hourly Elliott wave counts remain valid today. Members are given some trading advice on how to handle this uncertainty.
If a new all time high is seen tomorrow, then members will have an Elliott wave target to work with.
Continue reading S&P 500 Elliott Wave Technical Analysis – 11th December, 2017
The second target at 2,634, calculated using the measured rule, has been met today.
The Elliott wave structure is analysed to see if it may be complete. If it is, then price may turn here. If it is not, then the next target will be used.
Continue reading S&P 500 Elliott Wave Technical Analysis – 29th November, 2017
A consolidation or pullback was expected to continue. Price has moved lower today and remains within the consolidation zone.
Continue reading S&P 500 Elliott Wave Technical Analysis – 14th November, 2017