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

Last analysis expected downwards movement for Thursday’s session to a short term target at 1,833. Price moved lower, reaching 5.26 points below the target. I have two hourly wave counts for you today. Click on the charts below to enlarge. This wave count has a...

S&P 500 Elliott Wave Technical Analysis – 25th October, 2013

Thursday’s analysis expected more upwards movement for Friday which is what has happened. The wave count remains the same. Click on the charts below to enlarge. Intermediate wave (4) lasted 14 days, just one more than a Fibonacci 13. If intermediate wave (5)...

S&P 500 Elliott Wave Technical Analysis – 3rd October, 2013

Yesterday’s analysis expected to see choppy, overlapping upwards movement for a few days. This is not what happened. Movement below 1,680.34 invalidated the hourly wave count before price made a new low. The daily wave count remains the same. Click on the charts...

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

Yesterday’s analysis expected a little more upwards movement towards a target at 1,731 before price turned downwards for a fourth wave correction. Price did move very slightly higher, falling just 1.14 points short of the target before turning lower as expected....