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

Another new high was expected, but the sharp pullback during Wednesday’s session was not expected. Price remains well above the invalidation point on the hourly Elliott wave count.

On Balance Volume and the AD line give strong clues today as to what to expect next.

Continue reading S&P 500 Elliott Wave Technical Analysis – 20th September, 2017

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

Last end of week analysis warned that On Balance Volume supported the alternate Elliott wave count and a target for more upwards movement was given. Price has moved higher as that wave count expected and the On Balance Volume signal is now clear and strong.

Continue reading S&P 500 Elliott Wave Technical Analysis – 18th September, 2017

S&P 500 Elliott Wave Technical Analysis – 24th July, 2017

Upwards movement within a small range fits both hourly Elliott wave counts. Both VIX and the AD line today exhibit some divergence with price. With this divergence for both indicating the same direction, they both point to which hourly Elliott wave count may be more likely tomorrow.

Continue reading S&P 500 Elliott Wave Technical Analysis – 24th July, 2017