Tag Archives: elliott wave

S&P 500: Elliott Wave and Technical Analysis | Charts – December 17, 2018

Downwards movement invalidated the main Elliott wave count. The invalidation indicated either of the two alternate Elliott wave counts may be correct.

Two Elliott wave counts are used today with clear confidence and invalidation points.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – December 17, 2018

S&P 500: Elliott Wave and Technical Analysis | Charts – 11th December, 2018

Yesterday’s analysis expected a low was in place. Today a higher high and a higher low fits the definition of upwards movement, although the candlestick closed red. The Elliott wave count remains the same and the target remains the same.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 11th December, 2018

S&P 500: Elliott Wave and Technical Analysis | Charts – 6th December, 2018

Downwards movement has indicated that an alternate Elliott wave count is now more likely.

Today’s signals from the AD line, VIX and candlesticks are used to determine tomorrow’s most likely direction.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 6th December, 2018

S&P 500: Elliott Wave and Technical Analysis | Charts – 4th December, 2018

A breach of the small channel on the hourly Elliott wave chart in the third hour of today’s session saw an expectation that price may continue lower to either 2,736 or 2,696. A close at 2,700 mostly fits this expectation.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 4th December, 2018