S&P 500 Elliott Wave Technical Analysis – 30th August, 2017

A bullish signal yesterday has now been followed by another upwards day. Support from volume means a more bullish wave count is considered. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find support at...

S&P 500 Elliott Wave Technical Analysis – 7th August, 2017

A small diamond pattern may be forming. This supports the Elliott wave count. Summary: It looks likely now that primary wave 3 may be over and primary wave 4 may be in its very early stages. Some confidence in this view may be had if price makes a new low below...

S&P 500 Elliott Wave Technical Analysis – 4th August, 2017

A small doji at the weekly chart level now puts the trend from up to neutral, at least for the short term. Summary: Assume the trend remains up while price remains above 2,459.93. The Elliott wave target is now at 2,497, and a classic technical analysis target is at...

S&P 500 Elliott Wave Technical Analysis – 1st August, 2017

A little more upwards movement fits both hourly Elliott wave counts. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible that primary wave 3 may be over, assume that it may continue higher while price remains above...

S&P 500 Elliott Wave Technical Analysis – 21st July, 2017

A short term pullback was expected to begin on Friday. A downwards day completed with a lower low and a lower high, exactly as expected. Summary: The trend is up. Trading with the trend is the safest approach for your account. Use corrections as an opportunity to join...