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...

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...

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

The main Elliott wave count again expected upwards movement. Monday has made a higher high and a higher low above Friday, the definition of upwards movement. This was expected. Summary: While we should always assume the trend remains the same until proven otherwise,...

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

An outside day remains above support. Classic analysis with a heavy reliance on On Balance Volume is used to determine which Elliott wave count is more likely. Summary: A brief shallow pullback may have moved sideways and slightly lower on Friday. This may present an...

S&P 500 Elliott Wave Technical Analysis – 13th April, 2017

Last analysis expected that the S&P was now in a primary degree pullback to continue lower. To end the short trading week, Thursday saw price move lower as expected. Summary: A new target is calculated at two degrees for this pullback to end: 2,299 – 2,297....

S&P 500 Elliott Wave Technical Analysis – 10th April, 2017

Price remains range bound again today. The longer price remains coiled between resistance and support, the closer and more violent the breakout will be. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a...

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

Monday was expected to be an upwards day, but this is not what happened. Summary: The picture today looks more bearish. The alternate wave count has substantially increased in probability. A new high in the short term, above 2,354.54, would indicate the pullback is...

S&P 500 Elliott Wave Technical Analysis – 21st March, 2017

Downwards movement continued, as expected, and found support at three different trend lines. Summary: It is reasonably likely that downwards movement may halt here because price is at multiple support lines and exhibits bullish divergence with the AD line. A new high...

S&P 500 Elliott Wave Technical Analysis – 15th March, 2017

A very short term target expected some upwards movement for one or two days to a target zone at 2,380 to 2,383. Price moved higher as expected for Wednesday’s session, reaching 2,390.01. Summary: A deeper pullback looks very likely now to have arrived. It may...