S&P 500 Elliott Wave Technical Analysis – 19th April, 2016

The short term target on yesterday’s hourly chart was 2,103. This target was met. The high for the session was 2,104.05, just 1.05 points above the target. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is underway with...

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

Upwards movement was expected but did not happen. Downwards movement remains above the invalidation point. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. The target is 2,124. The...

S&P 500 Elliott Wave Technical Analysis – 24th December, 2014

Again, upwards movement was expected. I warned yesterday that the short term target may be too optimistic, and it looks like it was. It will not be met… yet. The mid term target remains the same. Summary: In the short term I expect a small fourth wave correction...

S&P 500 Elliott Wave Technical Analysis – 3rd December, 2014

A new high was expected. Price continues to move higher towards the target. Summary: One final small fifth wave is now all that is required to complete this structure at primary (bull count) or cycle degree (bear count). The target is now at 2,087 – 2,089. Click...

S&P 500 Elliott Wave Technical Analysis – 5th August, 2014

Yesterday’s main Elliott wave count expected a red candlestick and a new low for Wednesday’s session which is exactly what has happened. Because the alternate Elliott wave count was invalidated, today I have just one wave count. Summary: I expect a little...

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

Movement above 1,324.73 has confirmed the main Elliott wave hourly wave count and invalidated the alternate. Summary: The situation is now clear. I expect more upwards movement from here to about 2,010. This target may be met in another one to two weeks. Click on...

S&P 500 Elliott Wave Technical Analysis – 9th July, 2014

Yesterday’s analysis had allowed for a correction for a small second wave to show up as a doji or green candlestick, and so the green candlestick for Wednesday’s session was anticipated. The Elliott wave count remains the same. Summary: I expect downwards...