S&P 500 Elliott Wave Technical Analysis – 8th January, 2014

Yesterday’s analysis expected two more days of very choppy overlapping movement to complete this fourth wave correction. We now have one more day of this overlapping movement, and the structure is incomplete. It may end tomorrow. Click on the charts below to...

S&P 500 Elliott Wave Technical Analysis – 11th November, 2013

Last analysis expected upwards movement for Monday’s session which is what has happened. The structure on the hourly chart indicates an adjustment in the wave count, but the mid term and long term targets remain the same. Click on the charts below to enlarge....

S&P 500 Elliott Wave Technical Analysis – 10th October, 2013

Movement above 1,685.66 and outside the channel on the hourly chart indicates a trend change. The wave counts remain the same. Click on the charts below to enlarge. Main Wave Count. Intermediate wave (4) is now over, it lasted 14 days, just one more than a Fibonacci...

S&P 500 Elliott Wave Technical Analysis – 1st October, 2013

Yesterday’s analysis expected downwards movement to last all or most of Tuesday’s session, but this is not what happened. Price has moved higher, and there is now a very clear breach of the channel on the hourly chart. I will not keep publishing the...

S&P 500 Elliott Wave Technical Analysis – 9th September, 2013

Last analysis expected more downwards movement to begin the new trading week, before a third wave up. This is not what happened, the second wave correction was already over and the third wave up had begun. Click on the charts below to enlarge. Main Wave Count. This...

S&P 500 Elliott Wave Technical Analysis – 29th August, 2013

Last analysis expected a little more downwards movement before this correction is over. Price has moved higher, and the correction is incomplete. Click on the charts below to enlarge. This wave count agrees with MACD and has some nice Fibonacci ratios in price and...

S&P 500 Elliott Wave Technical Analysis – 21st August, 2013

Yesterday’s main wave count had two hourly charts. The first was invalidated with movement below 1,645.84. Price continued lower to reach 2.57 points below the target on the second hourly chart. The main wave count remains the same. Click on the charts below to...