S&P 500 Elliott Wave Technical Analysis – 30th August, 2016

A small downwards day fits for both hourly Elliott wave counts. Summary: Overall, this week and maybe also next week should continue with downwards movement to end about 2,147.58. Downwards movement may be choppy, overlapping, and take its time. Last monthly chart for...

S&P 500 Elliott Wave Technical Analysis – 9th August, 2016

Yesterday’s hourly Elliott wave count expected some upwards movement to end between 2,185.44 to 2,188.32, then downwards movement. Price began the session with upwards movement and reached 1,287.66 before turning downwards exactly as expected. Summary: The trend...

S&P 500 Elliott Wave Technical Analysis – 8th August, 2016

Upwards movement was expected to a target at either 2,192 or 2,199. The session began with a little upwards movement but only to 2,185.44 before turning down. Summary: The trend remains the same, until proven otherwise. Assume the trend is up while price is above...

S&P 500 Elliott Wave Technical Analysis – 14th April, 2016

Upwards movement was again expected. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is underway with a target just above 2,116.48. It may end in just three more sessions on 19th April, 2016. The upwards trend is very weak. To...