Upwards movement was expected to continue and to show an increase in strength. A new all time high was expected.
Volume for the NY Comp today at 3.8 billion shares is well above the 30 day average of 3.4 billion shares, fitting the expectation of strength in this upwards trend.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 20, 2019
A strong downwards day indicates which short-term scenario is most likely.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 28, 2019
For the very short term, a consolidation or bounce was expected. A bounce for Friday overall fits this expectation. Price remained below the invalidation point.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 3, 2019
Downwards movement has indicated a larger correction may have arrived after eight consecutive upwards sessions. Volume is analysed to identify strength or weakness in today’s pullback.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 9, 2019
Upwards movement continued as the main Elliott wave count expected. The target remains the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – March 15, 2019
Upwards movement continues towards the target as expected. This bullish movement has support from rising market breadth and declining volatility.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – February 20, 2019
Market breadth and volatility are used at the end of this week to indicate the direction for next week. The Elliott wave count continues to have support from rising market breadth in the AD line and declining VIX.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – January 25, 2019
Last analysis expected more downwards movement. The target at 2,354 was met and slightly exceeded.
A new wave count is published for members today. The short and mid-term expectation is mostly the same, but this wave count has a better look at the monthly chart level.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – December 25, 2018