Tag Archives: elliot wave

S&P 500: Elliott Wave and Technical Analysis | Charts – February 21, 2020

Downwards movement was expected for Friday’s session, which is exactly what has happened.

The Elliott wave count uses structure and alternation to indicate where price may find support and how long a correction may last.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – February 21, 2020

S&P 500: Elliott Wave and Technical Analysis | Charts – February 14, 2020

An inside day to end the session prints a Dragonfly Doji. In the context of an upwards trend, this is bullish.

The alternate Elliott wave count was invalidated this week leaving only the one main Elliott wave count at this time. Targets remain the same.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – February 14, 2020

S&P 500: Elliott Wave and Technical Analysis | Charts – December 30, 2019

A new low below 3,220.51 and the narrow channel about most recent upwards movement suggests a fourth wave correction may have arrived. Fibonacci ratios and the fourth wave of one lesser degree are used to estimate a target for support.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – December 30, 2019

S&P 500: Elliott Wave and Technical Analysis | Charts – December 20, 2019

All week upwards movement has been expected, which is exactly what has happened.

Price is closing in on the target zone of 2 points, which is calculated from a gap and using Fibonacci ratios in the Elliott wave structure.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – December 20, 2019