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
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
Downwards movement today indicated the alternate wave counts may be correct. Price has closed above the support line.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 10th 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
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
Upwards movement was expected to continue. The Elliott wave target at 2,780 for a short-term interruption to the bullish trend was too low. Price reached 2,800.18.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 3rd December, 2018
Upwards movement again continued as the main Elliott wave count expected.
Today the AD line and VIX give a signal for tomorrow’s direction. Fibonacci ratios are used as targets.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 29th November, 2018
Upwards movement has continued as the main Elliott wave count expected.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 27th November, 2018
Upwards movement was expected for Wednesday’s session. A higher high and a higher low fits the definition of an upwards day.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 21st November, 2018
A breach of the channel on the hourly chart indicated a low may be in place.
Price has moved higher after the channel breach, which was expected.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 15th November, 2018