S&P 500 Elliott Wave Technical Analysis – 1st August, 2017

A little more upwards movement fits both hourly Elliott wave counts. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible that primary wave 3 may be over, assume that it may continue higher while price remains above...

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 – 9th December, 2016

Last analysis expected a pullback to last a few days, but price has continued higher. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for intermediate...

S&P 500 Elliott Wave Technical Analysis – 13th June, 2016

A bounce was expected for Monday but did not happen. Price has moved lower breaking below the first confirmation point for the larger picture and confirming a trend change, at least short term. Summary: A bounce for a second wave correction is still expected on...

S&P 500 Elliott Wave Technical Analysis – 24th May, 2016

Last analysis expected upwards movement, which is exactly what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. The main hourly wave count expects upwards movement for another one or two days to a target at 2,099...

S&P 500 Elliott Wave Technical Analysis – 6th May, 2016

A small green candlestick or a doji were expected for Friday’s session. Friday completes a small green candlestick. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and...

S&P 500 Elliott Wave Technical Analysis – 1st October, 2015

A little upwards movement to 1,930 – 1,932 was expected. Price moved a little higher, reaching to 1,927.21 during the session. Summary: I expect more upwards movement tomorrow. The target for this correction to end is at 1,963, but that may be too high. When the...