S&P 500 Elliott Wave Technical Analysis – 18th August, 2017

Downwards movement has continued for Friday exactly as the Elliott wave count and classic technical analysis expected. On Balance Volume gives important signals at the end of this week. Summary: Look out for a green daily candlestick for Monday. A small bounce may end...

S&P 500 Elliott Wave Technical Analysis – 28th July, 2017

A small inside day sees the Elliott wave count only slightly changed at the hourly chart level. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible today that primary wave 3 may be over, assume that it may continue...

S&P 500 Elliott Wave Technical Analysis – 27th July, 2017

The first target at 2,481 to 2,482 was met and passed by 2 points early in the session. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible today that primary wave 3 may be over, assume that it may continue higher...

S&P 500 Elliott Wave Technical Analysis – 26th July, 2017

Last analysis was clear: the trend is still up. A new all time high was therefore expected as most likely. Summary: The trend is up. Trading with the trend is the safest approach for your account. Use corrections as an opportunity to join the trend. The last open gap...

S&P 500 Elliott Wave Technical Analysis – 25th July, 2017

Sideways movement was expected as most likely for Tuesday, but this is not what happened. Upwards movement has made a new all time high, but the session closed red. Summary: The trend is up. Trading with the trend is the safest approach for your account. Use...

S&P 500 Elliott Wave Technical Analysis – 20th July, 2017

A little more upwards movement today reached just above the target. Summary: Another short term pullback to last about two to five days may begin tomorrow. It may pull price down to about 2,464 to 2,450. If the channel on the hourly chart is breached early tomorrow,...

S&P 500 Elliott Wave Technical Analysis – 18th July, 2017

A green daily candlestick was expected, but price has moved lower and that was not expected. Summary: The profit target is at 2,478. The upwards trend has internal strength and health. Use corrections as an opportunity to join the trend. Today’s low presented...

S&P 500 Elliott Wave Technical Analysis – 17th July, 2017

A very small inside day leaves the Elliott wave counts mostly unchanged. Summary: In the short term, volume and divergence with the AD line suggest a green daily candlestick tomorrow and a new all time high. The profit target is at 2,478. The upwards trend has...