For the short term, a pullback was expected for this session. Price moved reasonably below the target at 3,107 to find a low at 3,091.41, 15.59 points below the target.
Price remains above the invalidation point and has bounced up strongly off the low.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – November 20, 2019
A new all time high has been expected from the S&P for some time. Today it finally arrived. The breakaway gap may offer support.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – October 28, 2019
The bounce at the end of today’s session is carefully analysed for signs of strength or weakness to identify if the main or alternate Elliott wave count is more likely.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – October 3, 2019
Today looks like a typical back test of support after an upwards breakout. The identified area of support is holding.
Targets remain the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – September 10, 2019
Another downwards day closes green with a smaller range Doji. Analysis of volume within the session supports the Elliott wave counts.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – August 15, 2019
A small inside day leaves the Elliott wave counts unchanged.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – July 22, 2019
For the short term, a little more downwards movement was expected. Another red daily candlestick has printed with a lower low and a lower high, fitting expectations.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 26, 2019
The first target at 2,739 to 2,738 was passed. The next target at 2,722 has not quite been met.
Today the AD line and Lowry’s data is used to indicate the most likely next direction for tomorrow.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 3, 2019
More downwards movement was expected for the session to reach the lower edge of a channel. The channel was overshot and price quickly reversed to close back within it. This is mostly what was expected.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 9, 2019
A small range downwards day saw price move mostly sideways. Price remains above the Elliott wave invalidation points and within the channel. Targets remain the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 15, 2019