S&P 500 Elliott Wave Technical Analysis – 17th April, 2017

Downwards movement was expected to begin the new trading week. This is not what happened. Upwards movement invalidated the hourly Elliott wave count. Summary: If price makes a new high above 2,353.99, then the alternate would have more confidence. Expect the next wave...

S&P 500 Elliott Wave Technical Analysis – 28th March, 2017

Price has moved higher for Tuesday as expected. A new high above 2,354.54 supports the main wave count over the alternate. Summary: The next wave up to a target at 2,455 may have begun today. The invalidation point is at 2,327.58. When a five up for minute wave i is...

S&P 500 Elliott Wave Technical Analysis – 25th January, 2017

Upwards movement continues, which fits the larger picture of the main Elliott wave count. Summary: Price has broken out upwards from a flag pattern. A target using the measured rule is 2,323 and an Elliott wave target is 2,382. Classic analysis today is very bullish....

S&P 500 Elliott Wave Technical Analysis – 24th October, 2016

Upwards movement unfolded as expected for Monday’s session. The main Elliott wave count today will have two hourly charts, a main and an alternate. Summary: A downwards day and a red daily candlestick are expected for tomorrow. The preferred target is at 2,145,...