S&P 500 Elliott Wave Technical Analysis – 26th May, 2017

A small inside day saw price move sideways for Friday, remaining within the channel on the hourly chart. Summary: The target is at 2,440 (Elliott wave target) to 2,448 (classic analysis target). Expect upwards movement to continue. Corrections are an opportunity to...

S&P 500 Elliott Wave Technical Analysis – 24th May, 2017

The short term expected downwards movement for Wednesday, which again did not happen. 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 remains above...

S&P 500 Elliott Wave Technical Analysis – 2nd February, 2017

Price has made a lower high and a lower low, although it closed green. Summary: It is still more likely today that the next wave up has just begun. Confidence would be had above 2,289.14. The target is 2,338 for the short term and 2,382 for a longer term trade. If...

S&P 500 Elliott Wave Technical Analysis – 31st October, 2016

A small inside day printed a small red doji candlestick. The Elliott wave counts remain the same. Some divergence today is noted between price and the AD line, and between price and VIX. This may assist to indicate the direction for tomorrow. Summary: Upwards movement...