S&P 500 Elliott Wave Technical Analysis – 4th October, 2017

The short term target for upwards movement was 2,540 to 2,541 on the hourly chart. Price moved up to sit right within this small one point zone, to 2,540.53. Summary: Another day with divergence from VIX and now divergence with the AD line is bearish for the short...

S&P 500 Elliott Wave Technical Analysis – 9th May, 2017

Upwards movement continues with a new all time high. Downwards movement at the end of this session remains above stops on long positions. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should...

S&P 500 Elliott Wave Technical Analysis – 8th May, 2017

A new all time high was expected from last analysis. The Elliott wave count remains the same and the weekly technical analysis still sounds a strong warning. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level...

S&P 500 Elliott Wave Technical Analysis – 12th April, 2017

Price is still range bound, completing an inside day. The breakout is now expected to come tomorrow. Summary: The main and alternate wave counts are swapped over today on weight of a downwards breakout by On Balance Volume. The new main wave count expects that price...

S&P 500 Elliott Wave Technical Analysis – 7th April, 2017

A breakout was expected for Friday but did not happen. An inside day was completed. Price remains range bound for this market. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a little more support for the...

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

Upwards movement was expected. Price did move higher to begin the session, but fell strongly in the final hours to close red. An outside day was completed. Summary: If the main wave count is correct, then price should now begin to move strongly higher. An upwards...

S&P 500 Elliott Wave Technical Analysis – 4th April, 2017

Upwards movement was expected for Tuesday’s session. The session completed a green daily candlestick, but it was an inside day with no new high. Summary: A little downwards movement may unfold for one to three sessions. Price should remain above 2,322.25. If...

S&P 500 Elliott Wave Technical Analysis – 3rd April, 2017

Monday was expected to begin with a little downwards movement to either 2,358 or 2,354. Price did move lower, but it reached down to 2,344.73 before bouncing strongly higher. Summary: The main Elliott wave count expects an upwards breakout that may happen sooner...

S&P 500 Elliott Wave Technical Analysis – 31st March, 2017

A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation. Summary: The main Elliott wave count expects a little more downwards movement on Monday to either 2,358 or 2,354. If using this small pullback to enter the longer...