S&P 500 Elliott Wave Technical Analysis – 17th March, 2016

A new high early in the session above 2,032.59 indicated more upwards movement was expected. Summary: This is still a bear market rally until proven otherwise. This rally is reasonably likely to end above 2,116.48, but it cannot make a new all time high. In the short...

S&P 500 Elliott Wave Technical Analysis – 19th January, 2016

Sideways movement fits both Elliott wave hourly wave counts and does not provide clarity. The upper price point to differentiate the two ideas may be moved lower. Summary: The trend is down. The only question still today is: are we going to see a deeper bounce here or...

S&P 500 Elliott Wave Technical Analysis – 4th June, 2015

A little downwards and sideways movement was expected, but price moved lower than expected breaching the invalidation point at the hourly chart level. Summary: The triangle is invalidated. The bull wave count requires upwards movement tomorrow. The target for a final...

S&P 500 Elliott Wave Technical Analysis – 8th April, 2015

Downwards movement was expected. Price did make new lows beyond the prior day, but ended with upwards movement to complete a green candlestick. Upwards movement remains below the invalidation point, which is close by. Summary: I still expect a continuation of...

S&P 500 Elliott Wave Technical Analysis – 16th March, 2015

Upwards movement is exactly as expected for Monday’s session. Summary: The next short term target is at 2,111 for the end of minuette wave (ii), where a small correction may begin. The mid term target remains the same at 2,178 for primary wave 3 (or cycle wave b...

S&P 500 Elliott Wave Technical Analysis – 28th January, 2015

Downwards movement was expected for both Elliott wave counts. Summary: This is where the main and alternate wave counts diverge. The main wave count expects more downwards movement to 1,955. This would be confirmed with a new low below 1,988.12. The alternate expects...