S&P 500 Elliott Wave Technical Analysis – 22nd July, 2015

As expected from yesterday’s two Elliott wave counts and regular technical analysis, price continued to move lower. Summary: A new low below 2,044.02 now would provide a lot of confidence in the first wave count, the target would be at 1,983. A new all time high...

S&P 500 Elliott Wave Technical Analysis – 16th July, 2015

Upwards movement continued, which was not expected for the main Elliott wave count. However, price has remained below the invalidation point and below the upper trend line which should provide resistance. Summary: The main wave count still expects a strong third wave...

S&P 500 Elliott Wave Technical Analysis – 10th July, 2015

Downwards movement was expected for Friday, but it did not happen. Upwards movement remains below the invalidation point and within the recent zone of resistance. Summary: Monday is highly likely to see some upwards movement, at least a little above 2,085.06, with the...

S&P 500 Elliott Wave Technical Analysis – 6th July, 2015

Upwards movement was expected, but did not happen. Price remains above the invalidation point on the hourly chart and has found support at the lower diagonal trend line on the daily chart. Summary: Upwards movement should continue overall for several days yet. A new...

S&P 500 Elliott Wave Technical Analysis – 22nd June, 2015

The main Elliott wave count overall expected more upwards movement, but a short term move down to 2,103.67 was expected and did not happen. Summary: Overall more upwards movement is expected to a target at 2,185. This target may change when the calculation may be done...

S&P 500 Elliott Wave Technical Analysis – 16th June, 2015

Upwards movement favours the bull Elliott wave count. Summary: There is zero confirmation of a trend change from bull to bear. The main wave count will therefore expect to see a continuation of the upwards trend; the target remains the same at 2,185, but the...