Last analysis expected more upwards movement to begin the new trading week, which is what has happened.
The Elliott wave target is just one point off a target using the measured rule and a reliable continuation pattern.
Continue reading S&P 500 Elliott Wave Technical Analysis – 6th November, 2017
For the short term, a small pullback was expected at the hourly chart level before price turned and moved upwards again. This is exactly what has happened for Thursday’s session.
Continue reading S&P 500 Elliott Wave Technical Analysis – 2nd November, 2017
A small pullback remains above the invalidation points on the hourly charts.
The main Elliott wave count is still strongly favoured by volume and On Balance Volume.
Continue reading S&P 500 Elliott Wave Technical Analysis – 30th October, 2017
A new all time high to begin the new trading week continues the upwards trend, which is what the last Elliott wave and volume analysis expected.
Continue reading S&P 500 Elliott Wave Technical Analysis – 16th October, 2017
More upwards movement was expected from the main hourly Elliott wave count and from the summary in last analysis.
Continue reading S&P 500 Elliott Wave Technical Analysis – 13th October, 2017
Another very slight new all time high continues the upwards trend today.
Continue reading S&P 500 Elliott Wave Technical Analysis – 12th October, 2017
Price has moved higher during Wednesday’s session.
Continue reading S&P 500 Elliott Wave Technical Analysis – 11th October, 2017
For the very short term, a little upwards movement was expected for Tuesday’s session and this is what has happened. Tuesday put in a higher high and a higher low, closing as a doji, which is entirely normal within a correction.
Continue reading S&P 500 Elliott Wave Technical Analysis – 10th October, 2017
A breach of the small channel indicated the alternate hourly Elliott wave count should be used. Thereafter, downwards movement was expected. The candlestick has closed red today.
Continue reading S&P 500 Elliott Wave Technical Analysis – 9th October, 2017
The main Elliott wave count expects more upwards movement, and it has strong support from classic technical analysis, particularly a very bullish On Balance Volume and rising market breadth.
Continue reading S&P 500 Elliott Wave Technical Analysis – 28th September, 2017