S&P 500 Elliott Wave Technical Analysis – 15th August, 2017

The alternate hourly wave count was indicated as correct early in the session when price made a new high above 2,462.59. Summary: The target for the bounce to end is at 2,480. Single day divergence today between price and the AD line suggests downwards movement...

S&P 500 Elliott Wave Technical Analysis – 18th May, 2017

A bounce was expected for Thursday’s session and this is exactly what happened. Summary: This upwards bounce may be a counter trend bounce. If price makes a new low below 2,344.51 tomorrow, then the wave count would see either intermediate wave 4 or primary wave...

S&P 500 Elliott Wave Technical Analysis – 24th March, 2017

A little downwards movement to below 2,340.51 but not below 2,336.45 was expected during Friday’s session. Price did move lower, but it made a slight new low below 2,336.45, which was not expected. Summary: Volatility declined and market breadth improved while...

S&P 500 Elliott Wave Technical Analysis – 18th July, 2016

A short term pullback was expected. Price has not moved lower, but moved higher in a small inside day. Summary: In the very short term, a small pullback to about 2,147 or 2,133 is still expected. If this expectation is wrong, it will be in that these targets are too...

S&P 500 Elliott Wave Technical Analysis – 27th June, 2016

A bounce was expected short term for Monday / Tuesday but did not turn up on Monday. The mid term target at 2,000 was met and exceeded by 8.32 points. Summary: In the short term, it looks very likely today (more so than the end of last week) that a multi day bounce...

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

More downwards movement was expected for Thursday’s session, which is what happened. Summary: The main wave count expects to see downwards movement accelerate in the next week or so as a third wave unfolds. The first short term target is at 1,988. The long term...

S&P 500 Elliott Wave Technical Analysis – 10th March, 2016

Downwards movement was expected from the main Elliott wave count. Summary: Earliest confirmation that the correction is over has come with a clear breach of the channel containing it and now a new low below 1,974.08. Final price confirmation would come with a new low...