S&P 500 Elliott Wave Technical Analysis – 22nd May, 2017

The main Elliott wave count expected upwards movement. This is what has happened to start the new week. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price...

S&P 500 Elliott Wave Technical Analysis – 5th May, 2017

An upwards breakout from a bull flag pattern was expected. This looks like what has happened at the end of Friday’s session. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should keep...

S&P 500 Elliott Wave Technical Analysis – 17th April, 2017

Downwards movement was expected to begin the new trading week. This is not what happened. Upwards movement invalidated the hourly Elliott wave count. Summary: If price makes a new high above 2,353.99, then the alternate would have more confidence. Expect the next wave...

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

Price has moved higher for Tuesday as expected. A new high above 2,354.54 supports the main wave count over the alternate. Summary: The next wave up to a target at 2,455 may have begun today. The invalidation point is at 2,327.58. When a five up for minute wave i is...

S&P 500 Elliott Wave Technical Analysis – 25th January, 2017

Upwards movement continues, which fits the larger picture of the main Elliott wave count. Summary: Price has broken out upwards from a flag pattern. A target using the measured rule is 2,323 and an Elliott wave target is 2,382. Classic analysis today is very bullish....