S&P 500 Elliott Wave Technical Analysis – 28th July, 2017

A small inside day sees the Elliott wave count only slightly changed at the hourly chart level. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible today that primary wave 3 may be over, assume that it may continue...

S&P 500 Elliott Wave Technical Analysis – 19th May, 2017

The main Elliott wave count expected more upwards movement to end the week, which is what happened. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price...

S&P 500 Elliott Wave Technical Analysis – 24th April, 2017

Upwards movement was expected for the short term. Price remains just below the invalidation area for the Elliott wave count. Summary: The Elliott wave count expects this potential breakout is false, that price will move lower for at least a few days in choppy...

S&P 500 Elliott Wave Technical Analysis – 13th April, 2017

Last analysis expected that the S&P was now in a primary degree pullback to continue lower. To end the short trading week, Thursday saw price move lower as expected. Summary: A new target is calculated at two degrees for this pullback to end: 2,299 – 2,297....

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

Price remains range bound again today. The longer price remains coiled between resistance and support, the closer and more violent the breakout will be. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a...

S&P 500 Elliott Wave Technical Analysis – 6th March, 2017

A new low below 2,371.54 invalidated the hourly Elliott wave count and indicated a pullback has likely arrived. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low...