S&P 500 Elliott Wave Technical Analysis – 13th August, 2013

Yesterday’s analysis expected upwards movement for Tuesday’s session from the S&P 500 which is what happened. The wave count remains the same. Click on the charts below to enlarge. This wave count agrees with MACD and has some nice Fibonacci ratios in...

S&P 500 Elliott Wave Technical Analysis – 17th July, 2013

Sideways movement in a very small range for Wednesday’s session has failed to break above 1,687.18. Both wave counts remain valid and very little changed. They both have an even probability. Click on the charts below to enlarge. Main Wave Count. The widest...

S&P 500 Elliott Wave Technical Analysis – 8th July, 2013

Last analysis expected a little upwards movement as likely for the main wave count, and upwards movement for the alternate. Price has moved higher but remains range bound. We need to see price break above 1,654.19 or below 1,560.33 to have clarity this week. At this...

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

Yesterday’s analysis expected a little upwards movement to begin the session to a short term target at 1,634 to 1,637 before some downwards movement. Price reached higher during the start of the session, to 1,635.01, and thereafter moved lower which was...

S&P 500 Elliott Wave Technical Analysis – 15th April, 2013

Last analysis had just one wave count which expected more upwards movement. The hourly wave count has been invalidated with movement below 1,573.66. The daily wave count remains valid. I have two new wave counts for you today. We should always assume the trend remains...

S&P 500 Elliott Wave Technical Analysis – 3rd April, 2013

Last analysis expected price to rise further for a few days or so. However, downwards movement has invalidated both hourly wave counts. I have two wave counts for you today. We may use confirmation / invalidation points to work with these two counts. We should always...

S&P 500 Elliott Wave Technical Analysis – 26th March, 2013

Yesterday’s analysis expected upwards movement towards a short term target at 1,568. Price has moved higher but has not yet reached the target. The wave count remains the same with just the one daily and one hourly chart at this stage. Click on the charts below...

S&P 500 Elliott Wave Technical Analysis – 18th March, 2013

Movement below 1,548.24 invalidated the main hourly wave count and confirmed the alternate on the hourly chart. At that stage the target was 1,555. Price has reached down to 1,545.13 for the session. At the daily chart level the wave count remains mostly the same,...

S&P 500 Elliott Wave Technical Analysis – 7th March, 2013

Analysis for yesterday expected Thursday’s session to see choppy, overlapping sideways movement which may possibly make a new high. This is exactly what happened. The structure for this correction is unfolding as expected, so far. The wave count remains the...