S&P 500 Elliott Wave Technical Analysis – 30th March, 2015

Upwards movement was expected for Monday. The invalidation point remains intact although the target at 2,072 was comfortably passed. Summary: The main wave count now requires downwards movement which must subdivide as an impulse and should show an increase in...

S&P 500 Elliott Wave Technical Analysis – 4th March, 2015

Again, upwards movement was expected, but downwards movement breached the invalidation point (which was very close by) on the hourly Elliott wave count. Summary: This downwards movement looks like minute wave b within minor wave 5. This changes the target calculation....

S&P 500 Elliott Wave Technical Analysis – 2nd February, 2015

S&P started the day by moving towards the downside, increasing the confidence in the main count, but price reversed direction ending the day near its highs. Summary: The main wave count expects downwards movement to a target at 1,955. This would be confirmed...

S&P 500 Elliott Wave Technical Analysis – 23rd December, 2014

Upwards movement was again expected. The upper edge of the black channel on the daily Elliott wave chart looks like it is again providing resistance. Summary: The short term target at 2,097 – 2,098 may be too optimistic. I expect another small green candlestick...

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

Upwards movement was expected. The Elliott wave count remains the same. Summary: One final small fifth wave is now all that is required to complete this structure at primary (bull count) or cycle degree (bear count). The target is now at 2,087 – 2,089. Click on...

S&P 500 Elliott Wave Technical Analysis – 1st August, 2014

Downwards movement continued as expected. The target at 1,922 – 1,921 was passed and exceeded by 4.63 points. I have two hourly Elliott wave counts for you today. Summary: It is most likely we shall see more downwards movement to begin the new trading week. The...

S&P 500 Elliott Wave Technical Analysis – 18th July, 2014

Upwards movement was expected for Friday’s session from last Elliott wave analysis. The main hourly wave count has the “right look”. Summary: I expect upwards movement from here towards 2,010. This may be met in another 23 trading days. Click on...