S&P 500 Elliott Wave Technical Analysis – 5th January, 2016

Again, there are three possibilities for downwards movement from the last major swing high of 3rd November. Again, I have three daily charts looking at three possibilities. Summary: A downwards trend is still in place. The preferred bear wave count expects a big third...

S&P 500 Elliott Wave Technical Analysis – 9th December, 2015

A new low below 2,042.35 confirmed the scenario for the hourly bull Elliott wave count. Summary: A third wave down is most likely in the early stages. The target is 1,994. The trend is down. Use resistance lines to show were corrections against the trend may end. To...

S&P 500 Elliott Wave Technical Analysis – 6th November, 2015

Downwards movement was again expected. Price has moved lower, but only sightly, and it looks unconvincing. Summary: Upwards movement is still very likely to be over. A new low below 2,083.74 at this stage would provide more confidence that the trend has changed. A new...