S&P 500 Elliott Wave Technical Analysis – 27th October, 2014

A little more upwards movement was expected, but price is moving sideways. Summary: A fourth or B wave triangle is almost complete. One final upwards wave should follow to either 1,975 or 2,012. The lower target looks more likely as the upper aqua blue line looks like...

S&P 500 Elliott Wave Technical Analysis – 10th October, 2014

I had expected only a little downwards movement to 1,918. Price has moved comfortably below that target. Summary: If the bull wave count is correct then intermediate wave (2) must be nearing completion. The target is 1,884. If the bear wave count is correct then a...

S&P 500 Elliott Wave Technical Analysis – 25th September, 2014

Movement below 1,978.63 invalidated the main hourly wave count and confirmed the first alternate. The target then was at 1,968. Price reached down to 1,966.56. Summary: The structure is incomplete. I expect more downwards movement to a target at 1,953. Price should...

S&P 500 Elliott Wave Technical Analysis – 18th September, 2014

Upwards movement invalidated the hourly wave count. Summary: I expect a slight new high to 2,013 to begin tomorrow’s session. Thereafter, tomorrow should see more downwards movement and a red candlestick. This may be either wave C of a flat correction or wave C...

S&P 500 Elliott Wave Technical Analysis – 16th July, 2014

The main hourly Elliott wave count was invalidated by upwards movement. I still expect this correction is unfolding and is incomplete. Summary: The main wave count expects a little more sideways movement before a final wave down to complete this correction. The...

S&P 500 Elliott Wave Technical Analysis – 20th June, 2014

Upwards movement was expected from yesterday’s technical analysis. The Elliott wave structure is now complete and looks typical. Summary: With Friday’s volume spike providing the final requirement for this structure it may be that upwards movement ended on...

S&P 500 Elliott Wave Technical Analysis – 6th June, 2014

Price moved a little higher, as I had accepted was possible. The trend line overshoot for the diagonal is looking very typical still. I expect the S&P 500 should move lower from here. The trend change is at least intermediate degree, and may be at primary degree....

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

Some upwards movement was expected, but the target at 1,891 was well passed. The wave count remains valid. Summary: I expect downwards movement from here. It should increase in momentum next week. This analysis is published about 06:05 p.m. EST. Click on charts to...

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

A new low for Monday was expected. Overall the wave count looks correct. Summary: A third wave downwards has most likely begun. It is either a third wave within an impulse, or a third wave of an ending expanding diagonal. The target for this third wave is at 1,788. If...