S&P 500 Elliott Wave Technical Analysis – 21st November, 2014

Upwards movement and a slight increase in upwards momentum was expected. Summary: The structure is still incomplete. I expect price to keep rising. The next likely target is at 2,079. Click on charts to enlarge. Bull Wave Count I will favour neither the bull or bear...

S&P 500 Elliott Wave Technical Analysis – 13th November, 2014

A small green doji candlestick for Thursday’s session invalidated the main hourly Elliott wave count, but was allowed for in the alternate. Summary: A new high indicates that upwards movement is not over. A new high above 2,046.18 would confirm upwards movement...

S&P 500 Elliott Wave Technical Analysis – 31st July, 2014

An increase in downwards momentum was expected for the main Elliott wave count. The target at 1,946 was exceeded. Summary: The fourth wave correction is confirmed. I expect downwards movement to continue tomorrow to a short term target at 1,922 – 1,921....

S&P 500 Elliott Wave Technical Analysis – 13th May, 2014

Upwards movement was expected. The second target is widened to a zone and now has a higher probability than the first target. Summary: The first target is 1,911. The second target is 1,931 to 1,938. At this stage I expect the second target has a higher probability....

S&P 500 Elliott Wave Technical Analysis – 28th March, 2014

Some upwards movement was expected to begin Friday’s session. The short term target was at 1,859. Price did move higher for the first two hours, but the target was exceeded with upwards movement ending at 1,866.63. Thereafter, price moved lower for the remainder...