S&P 500 Elliott Wave Technical Analysis – 29th March, 2017

A small inside day fits within the Elliott wave count. The candlestick closed green and the balance of volume for the session was upwards. Overall, today may be read as neutral. Summary: The next wave up to a target at 2,455 may have begun. The invalidation point is...

S&P 500 Elliott Wave Technical Analysis – 10th March, 2017

A little upwards movement was expected from the hourly Elliott wave count published in last analysis. This is exactly what happened for Friday’s session. A target may now be calculated for the short term at two degrees. Summary: A deeper pullback looks very...

S&P 500 Elliott Wave Technical Analysis – 10th January, 2017

Sideways movement to complete a small green doji candlestick fits the Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is wrong, it may be a little too low. Use the trend...

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

The daily Elliott wave count is new. It was published in comments over the Christmas / New Year holiday. The hourly Elliott wave count expects the correction to continue and now has a target using a Fibonacci ratio. Summary: Some downwards movement to find support at...

S&P 500 Elliott Wave Technical Analysis – 7th December, 2016

Price remained within the small green channel, so upwards movement was expected to continue. The short term targets were woefully inadequate, but longer term targets remain the same. Summary: Use the narrow green channel on the hourly chart and expect upwards movement...