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

Price moved a little lower before bouncing upwards to close green at the end of the session. Summary: It is still fairly likely that a low is in place. There is further divergence today with price and the AD line, and price seems to be congested at multiple support...

S&P 500 Elliott Wave Technical Analysis – 21st March, 2017

Downwards movement continued, as expected, and found support at three different trend lines. Summary: It is reasonably likely that downwards movement may halt here because price is at multiple support lines and exhibits bullish divergence with the AD line. A new high...

S&P 500 Elliott Wave Technical Analysis – 15th March, 2017

A very short term target expected some upwards movement for one or two days to a target zone at 2,380 to 2,383. Price moved higher as expected for Wednesday’s session, reaching 2,390.01. Summary: A deeper pullback looks very likely now to have arrived. It may...

S&P 500 Elliott Wave Technical Analysis – 7th March, 2017

Another day of downwards movement was expected from the Elliott wave count and from classic technical analysis. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low...

S&P 500 Elliott Wave Technical Analysis – 3rd March, 2017

An upwards day was expected for Friday. Price made a lower low and lower high, the definition of a downwards day, but the session closed green. Price remains above the near by invalidation point on the hourly Elliott wave count. Summary: Aggressive and more risk...

S&P 500 Elliott Wave Technical Analysis – 2nd March, 2017

Downwards movement for the day remains above the invalidation point and the breakaway gap is offering support. Volume analysis today may help to determine the direction for tomorrow. Summary: The picture is very bullish. Volume and divergence with VIX and the AD line...