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 – 20th April, 2017

Price continues to move sideways. Summary: Only one wave count is left now, which expects sideways movement to continue for another 20 sessions. Thereafter, the upwards trend should resume towards the final target at 2,500. New updates to this analysis are in bold....

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 – 7th April, 2017

A breakout was expected for Friday but did not happen. An inside day was completed. Price remains range bound for this market. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a little more support for the...

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...

S&P 500 Elliott Wave Technical Analysis – 28th March, 2017

Price has moved higher for Tuesday as expected. A new high above 2,354.54 supports the main wave count over the alternate. Summary: The next wave up to a target at 2,455 may have begun today. The invalidation point is at 2,327.58. When a five up for minute wave i is...

S&P 500 Elliott Wave Technical Analysis – 27th March, 2017

Monday was expected to be an upwards day, but this is not what happened. Summary: The picture today looks more bearish. The alternate wave count has substantially increased in probability. A new high in the short term, above 2,354.54, would indicate the pullback is...

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

Price moved overall upwards with a higher high and a higher low for the session. Upwards movement was expected. Summary: Tomorrow may begin with a little downwards movement to end below 2,340.51 but not below 2,336.45. Thereafter, price should turn up and show some...