S&P 500 Elliott Wave Technical Analysis – 16th January, 2014

I had expected upwards movement with some increase in upwards momentum for Thursday’s session. This is not what happened. Price moved lower and the session ended with a red candlestick on the daily chart. I have a new alternate wave count for you today. The wave...

S&P 500 Elliott Wave Technical Analysis – 13th November, 2013

Movement to a new high has clarified the situation. There has been no trend change. If the bullish alternate is correct then upwards movement should continue to breach the upper edge of the maroon channel from the monthly chart. If the more bearish main wave count is...

S&P 500 Elliott Wave Technical Analysis – 20th September, 2013

Yesterday’s analysis expected downwards movement for Friday’s session which is exactly what happened. The wave count remains the same, with still just the one daily and one hourly chart for you. Click on the charts below to enlarge. At 1,740 intermediate...

S&P 500 Elliott Wave Technical Analysis – 30th August, 2013

Downwards movement for Friday was expected for the main wave count. The target has not yet been reached. The wave counts remain the same. Click on the charts below to enlarge. Main Wave Count. This wave count agrees with MACD and has some nice Fibonacci ratios in...

S&P 500 Elliott Wave Technical Analysis – 23rd August, 2013

Last analysis expected more upwards movement which is what happened. However, we have not seen an increase in momentum, yet. The wave count remains the same. Click on the charts below to enlarge. This wave count agrees with MACD and has some nice Fibonacci ratios in...

S&P 500 Elliott Wave Technical Analysis – 19th August, 2013

Last analysis expected upwards movement for all or most of Monday’s session. This is not what happened. The fourth wave correction may already have been over and very brief, as price simply moved lower. The target has not yet been reached and the structure is...

S&P 500 Elliott Wave Technical Analysis – 16th August, 2013

Thursday’s analysis expected some upwards movement for a correction, before overall downwards movement for Friday. Price moved lower in very choppy movement. Both wave counts remain the same. We do not have confirmation of a trend change at this stage. Click on...