A more time consuming correction was expected to have begun after yesterday’s downwards movement. Downwards movement was expected to continue although it has reached below expected support at 3,081.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – December 3, 2019
Price continues to move higher towards the target with brief and shallow corrections, exactly as expected.
A small channel on the hourly chart today may be used to indicate when the next correction may have arrived.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – November 27, 2019
The upwards trend continues as the Elliott wave count expects.
Members have been advised to expect corrections at this time to be relatively brief and shallow, which is exactly how the market is behaving.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – November 26, 2019
Upwards movement unfolded for Friday, which is what the analysis on Thursday had expected. Targets remain the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – November 22, 2019
An inside day sees price remain above the invalidation point.
A new short-term Elliott wave count is presented.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – November 21, 2019
For the short term, a pullback was expected for this session. Price moved reasonably below the target at 3,107 to find a low at 3,091.41, 15.59 points below the target.
Price remains above the invalidation point and has bounced up strongly off the low.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – November 20, 2019
Upwards movement continues towards targets as expected.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – November 18, 2019
The Elliott wave target remains the same. Classic analysis supports the Elliott wave count.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – November 14, 2019