Some consolidation or a pullback was expected to begin. An outside day which closes red overall fits this expectation.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 17, 2019
Tag Archives: elliott wave
S&P 500: Elliott Wave and Technical Analysis | Charts – April 16, 2019
A short-term target for a pullback or consolidation was 2,918. Today’s high at 2,916.06 is just 1.94 points short of the target.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 16, 2019
S&P 500: Elliott Wave and Technical Analysis | Charts – April 15, 2019
A small range downwards day saw price move mostly sideways. Price remains above the Elliott wave invalidation points and within the channel. Targets remain the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 15, 2019
S&P 500: Elliott Wave and Technical Analysis | Charts – April 11, 2019
Another small range day remains below the last high. Overall, this fits the short-term expectation for the Elliott wave count.
Today On Balance Volume and the AD line indicate the likely form of this current correction.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 11, 2019
S&P 500: Elliott Wave and Technical Analysis | Charts – April 9, 2019
Downwards movement has indicated a larger correction may have arrived after eight consecutive upwards sessions. Volume is analysed to identify strength or weakness in today’s pullback.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 9, 2019
S&P 500: Elliott Wave and Technical Analysis | Charts – April 3, 2019
Upwards movement was expected. Price has moved a little higher.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 3, 2019
S&P 500: Elliott Wave and Technical Analysis | Charts – March 28, 2019
Price is moving sideways and remains range bound.
The main Elliott wave count today has good support from classic technical analysis. The AD line (as an indication of market breadth) and moving averages are used to indicate the most likely breakout direction.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – March 28, 2019
S&P 500: Elliott Wave and Technical Analysis | Charts – March 27, 2019
Price moved lower but remains above the last short-term low and the short-term invalidation point on the hourly chart.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – March 27, 2019
S&P 500: Elliott Wave and Technical Analysis | Charts – March 25, 2019
A little more downwards movement was expected for Monday, although the short-term target at 2,796 was too high.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – March 25, 2019