S&P 500 Elliott Wave Technical Analysis – 9th January, 2014

Yesterday’s analysis expected Thursday’s session to begin with some upwards movement towards a short term target at 1,841 and then to move lower towards a target at 1,828 – 1,825. Price began with upwards movement for Thursday, reaching 1,843.23...

S&P 500 Elliott Wave Technical Analysis – 25th November, 2013

Last analysis expected more upwards movement towards a target at 1,817, which I expected to be reached during Monday or early Tuesday. The structure is now complete and upwards movement fell well short of the target. The wave count remains the same. Click on the...

S&P 500 Elliott Wave Technical Analysis – 12th November, 2013

Last analysis expected a little more upwards movement for Tuesday before a second wave correction began. The second wave correction had already begun, and price did not move higher. I have again an alternate which looks at the possibility of a trend change at cycle...

S&P 500 Elliott Wave Technical Analysis – 1st November, 2013

Price moved sideways for Friday’s session. Downwards movement at the beginning of the session was expected. So far the first and second hourly wave counts do not diverge. They both expect the same direction next. Click on the charts below to enlarge. Main Wave...

S&P 500 Elliott Wave Technical Analysis – 22nd October, 2013

Yesterday’s analysis expected downwards and sideways movement for one to three days. This is not what happened as price has moved higher. The wave count remains the same. It is time to revise the big picture. I will cover monthly charts for this main wave count...

S&P 500 Elliott Wave Technical Analysis – 28th August, 2013

Yesterday’s analysis expected some upwards movement to be followed by more downwards movement, for the main hourly wave count. We did get a little upwards movement. Click on the charts below to enlarge. This wave count agrees with MACD and has some nice...

S&P 500 Elliott Wave Technical Analysis – 20th August, 2013

Yesterday’s analysis expected more downwards movement overall for another two sessions. Price moved higher, but remains below the confirmation / invalidation point of the two wave counts. Click on the charts below to enlarge. This wave count agrees with MACD and...

S&P 500 Elliott Wave Technical Analysis – 24th July, 2013

The S&P 500 moved lower as yesterday’s analysis expected. The wave count remains the same. I have two hourly charts for you today to cover the various possibilities of this correction. Click on the charts below to enlarge. This wave count agrees with MACD...

S&P 500 Elliott Wave Technical Analysis – 3rd July, 2013

The S&P moved mostly sideways and a little lower during a very quiet short session just before market close prior to the 4th of July holiday. Markets are closed for Thursday, 4th July holiday and reopen for Friday, 5th July. I expect Friday may be another quiet...