S&P 500 Elliott Wave Technical Analysis – 9th December, 2016

Last analysis expected a pullback to last a few days, but price has continued higher. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for intermediate...

S&P 500 Elliott Wave Technical Analysis – 13th June, 2016

A bounce was expected for Monday but did not happen. Price has moved lower breaking below the first confirmation point for the larger picture and confirming a trend change, at least short term. Summary: A bounce for a second wave correction is still expected on...

S&P 500 Elliott Wave Technical Analysis – 24th May, 2016

Last analysis expected upwards movement, which is exactly what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. The main hourly wave count expects upwards movement for another one or two days to a target at 2,099...

S&P 500 Elliott Wave Technical Analysis – 6th May, 2016

A small green candlestick or a doji were expected for Friday’s session. Friday completes a small green candlestick. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and...

S&P 500 Elliott Wave Technical Analysis – 9th November, 2015

The Elliott wave count expected more downwards movement and that is what happened. Summary: More downwards movement is expected, The first invalidation point on the hourly chart is very close by at 2,083.74. The target for tomorrow is at 2,063. The wave count expects...

S&P 500 Elliott Wave Technical Analysis – 30th October, 2015

Upwards movement was expected, but the target at 2,107 was too high. Summary: Upwards movement may be over. A clear breach of the channel on the hourly chart would provide confidence. The next wave down would most likely make new lows. A new low below 2,020.13 would...