Last analysis identified a small pennant pattern and expected an upwards breakout. This is exactly what has happened.
Targets are calculated using an Elliott wave count with Fibonacci ratios, and the flag pole of the pennant.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – January 30, 2019
Upwards movement continues as expected for the main Elliott wave count. The alternate Elliott wave count still remains valid, but it does not have support from classic technical analysis at this time.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – January 7, 2019
A short-term pullback was expected to begin on Friday, but this did not eventuate. Overall, an upwards trend was expected to be in place and this continues. The target remains the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 30th November, 2018
More upwards movement fits the mid-term expectation for the Elliott wave count, although another test of support was expected first.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 7th November, 2018
An inside day closes red. The candlestick for Friday offers a clue as to what looks most likely for Monday.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 12th October, 2018
Again, price continues to move higher as the main Elliott wave count has been expecting for this week. The target is calculated using Elliott wave and classic technical analysis methods.
Continue reading S&P 500 Elliott Wave Technical Analysis – 13th September, 2018
A small range upwards day completes a significant candlestick pattern. This is analysed today in context with signals from On Balance Volume and the AD line.
Continue reading S&P 500 Elliott Wave Technical Analysis – 21st August, 2018
For the very short term, for Friday’s session, a pullback to about 2,828 was expected. A pullback did unfold but was deeper than expected, reaching 2,808.
Continue reading S&P 500 Elliott Wave Technical Analysis – 27th July, 2018