S&P 500 Elliott Wave Technical Analysis – 2nd January, 2015

Price moved lower as expected to end at 2,047.01, right in the target zone at 2,049 – 2,047. Summary: The upwards trend should resume. This would be confirmed with a clear breach of the channel on the hourly chart. The short term target is at 2,121. Click on...

S&P 500 Elliott Wave Technical Analysis – 28th October, 2014

Yesterday’s Elliott wave analysis expected more upwards movement which is what has happened. Summary: The structure is incomplete. The target is at either 1,999 or 2,012. Upwards movement should continue tomorrow. Click on charts to enlarge. Bearish Wave Count...

S&P 500 Elliott Wave Technical Analysis – 21st October, 2014

I had expected a red candlestick for Tuesday’s session which is not what happened. I have a new wave count for you today. Summary: The situation is unclear. I still favour a bearish wave count, but it is possible we may see a new high before the market turns. In...

S&P 500 Elliott Wave Technical Analysis – 14th October, 2014

A green candlestick was expected for Tuesday’s session which is exactly what happened. We have a green doji candlestick. Summary: I expect downwards movement tomorrow. The target for the bull wave count is at 1,866. The target for the bear wave count is at...

S&P 500 Elliott Wave Technical Analysis – 22nd September, 2014

Price moved lower exactly as expected for Monday’s session. Summary: The fourth wave correction looks like it is more likely a flat and it may end sooner than I had expected. The target for downwards movement is at 1,968, and this may be met within a very few...

S&P 500 Elliott Wave Technical Analysis – 19th August, 2014

Yesterday’s hourly Elliott wave analysis expected a little more upwards movement in the short term to 1,981. Price did move higher to reach just above the target to 1.982.57. The wave counts remain the same. Summary: It is most likely that tomorrow we shall see...