Tag Archives: elliott wave

S&P 500: Elliott Wave and Technical Analysis | Charts – June 20, 2019

Upwards movement was expected to continue and to show an increase in strength. A new all time high was expected.

Volume for the NY Comp today at 3.8 billion shares is well above the 30 day average of 3.4 billion shares, fitting the expectation of strength in this upwards trend.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 20, 2019

S&P 500: Elliott Wave and Technical Analysis | Charts – June 14, 2019

A continuation of sideways movement overall was expected for this week. A small pattern may be developing on the daily chart, which may provide a classic technical analysis target to supplement the Elliott wave target.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 14, 2019

S&P 500: Elliott Wave and Technical Analysis | Charts – June 10, 2019

Upwards movement continued as was expected for the short term from last analysis.

Today a candlestick pattern along with signals from VIX indicate the next movement for the short term. The mid-term target remains the same.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 10, 2019

S&P 500: Elliott Wave and Technical Analysis | Charts – June 7, 2019

The week has ended strongly. A low was called tentatively on the 3rd of June, and the first confidence point at 2,799 was passed on the next day. Thereafter, price has continued higher this week as expected.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 7, 2019