S&P 500 Elliott Wave Technical Analysis – 1st February, 2013

Last analysis expected more upwards movement from the S&P 500 towards a target at 1,518 to 1,519. Price has risen during Friday’s session as expected, and the target is not yet met. The structure on the hourly chart looks very typical and price remains well...

S&P 500 Elliott Wave Technical Analysis – 31st January, 2013

The main wave count from last analysis expected more upwards movement for the session (after a small dip down) while the alternate expected downwards movement. At this stage it is too early to decide which wave count is correct and so we should assume the trend...

S&P 500 Elliott Wave Technical Analysis – 30th January, 2013

Last analysis expected more upwards movement from the S&P 500 for Wednesday’s session. Price has moved lower but remains within the allowable limit, above the invalidation point on the hourly chart. The wave count remains the same. I have an alternate...

DJIA Elliott Wave Technical Analysis – 5th October, 2012

The main hourly wave count for last analysis expected price to move higher during last week, which is what happened. Both the first and second daily wave counts remain the same and have the same mid term target. I have just one hourly wave count for you this week. The...

S&P 500 Elliott Wave Technical Analysis – 25th September, 2012

Yesterday’s analysis had three hourly wave counts. Movement below 1,452.06 invalidated two of the wave counts. The wave count which is correct expected downwards movement to find support at the lower edge of the parallel channel which is where downwards movement...

S&P 500 Elliott Wave Technical Analysis – 20th September, 2012

Last analysis expected the S&P 500 to move lower during Thursday’s session towards a short term target at 1,447. Price has moved lower as expected reaching 3.58 points short of the target and ending exactly on the lower edge of the parallel channel on the...

S&P 500 Elliott Wave Technical Analysis – 18th September, 2012

I still have the same two monthly wave counts running alongside each other, with about equal probability at this stage. The historical analysis has been updated and you can see monthly charts here. With more sideways and slightly lower movement yesterday I have...