S&P 500 Elliott Wave Technical Analysis – 10th July, 2017

Downwards movement was expected for Monday. This did not happen, but price has remained below the invalidation point on the hourly chart and at the end of Monday’s session has returned to within the channel. Summary: A strong bullish signal today from On Balance...

S&P 500 Elliott Wave Technical Analysis – 6th July, 2017

Price has moved strongly lower exactly as the last published Elliott wave count expected. Summary: Expect now a multi week to multi month pullback has begun. The target zone for it to end is about 2,400 to 2,322. Expect downwards movement from here to now start to...

S&P 500 Elliott Wave Technical Analysis – 2nd June, 2017

Upwards movement was expected. The Elliott wave target has been reached, but the classic technical analysis target using the measured rule has not yet been reached. Summary: The target for a third wave is met and the structure is complete. If price keeps rising, then...

S&P 500 Elliott Wave Technical Analysis – 1st June, 2017

Upwards movement was expected to continue. The targets remain the same. Summary: The target is at 2,440 (Elliott wave target) to 2,448 (classic analysis target). Expect upwards movement to continue. Corrections are an opportunity to add to long positions. In the short...

S&P 500 Elliott Wave Technical Analysis – 19th May, 2017

The main Elliott wave count expected more upwards movement to end the week, which is what happened. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price...

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

Price remains constrained and moving sideways. Volume suggests the breakout direction. Summary: In the short term, price may move a little lower tomorrow. A small flag pattern may be completing. Volume suggests the breakout is more likely to be upwards. The measured...

S&P 500 Elliott Wave Technical Analysis – 1st May, 2017

Price is range bound. A small red doji does not change the Elliott wave count. Summary: This small consolidation may present an opportunity to join the upwards trend. Stops may be set just below the last gap, which has its low at 2,356.18. The target is at 2,469. A...

S&P 500 Elliott Wave Technical Analysis – 28th April, 2017

An outside day remains above support. Classic analysis with a heavy reliance on On Balance Volume is used to determine which Elliott wave count is more likely. Summary: A brief shallow pullback may have moved sideways and slightly lower on Friday. This may present an...