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...

S&P 500 Elliott Wave Technical Analysis – 1st October, 2015

A little upwards movement to 1,930 – 1,932 was expected. Price moved a little higher, reaching to 1,927.21 during the session. Summary: I expect more upwards movement tomorrow. The target for this correction to end is at 1,963, but that may be too high. When the...

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

Sideways movement was expected as most likely, which is what price has been doing for eight days now. Summary: In the short term, a consolidation is expected to continue with the breakout to be down when it is complete. The consolidation is most likely a fourth wave,...