S&P 500 Elliott Wave Technical Analysis – 23rd October, 2017

A strong Bearish Engulfing candlestick pattern is a strong warning of a trend change. Summary: A fourth wave may have arrived. Reasonable confidence may be had in this view if price makes a new low below 2,457.92. The fourth wave may be relatively brief and shallow as...

S&P 500 Elliott Wave Technical Analysis – 9th October, 2017

A breach of the small channel indicated the alternate hourly Elliott wave count should be used. Thereafter, downwards movement was expected. The candlestick has closed red today. Summary: A pullback or consolidation has most likely begun. It may be shallow, choppy,...

S&P 500 Elliott Wave Technical Analysis – 22nd May, 2017

The main Elliott wave count expected upwards movement. This is what has happened to start the new week. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price...

S&P 500 Elliott Wave Technical Analysis – 8th May, 2017

A new all time high was expected from last analysis. The Elliott wave count remains the same and the weekly technical analysis still sounds a strong warning. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level...

S&P 500 Elliott Wave Technical Analysis – 17th April, 2017

Downwards movement was expected to begin the new trading week. This is not what happened. Upwards movement invalidated the hourly Elliott wave count. Summary: If price makes a new high above 2,353.99, then the alternate would have more confidence. Expect the next wave...

S&P 500 Elliott Wave Technical Analysis – 12th April, 2017

Price is still range bound, completing an inside day. The breakout is now expected to come tomorrow. Summary: The main and alternate wave counts are swapped over today on weight of a downwards breakout by On Balance Volume. The new main wave count expects that price...

S&P 500 Elliott Wave Technical Analysis – 30th March, 2017

Upwards movement continues as the Elliott wave count expects overall at the daily chart level. Summary: The next wave up to a target at 2,455 may have begun. The invalidation point is at 2,322.25. When a five up for minute wave i is complete, then a three down for...