S&P 500 Elliott Wave Technical Analysis – 5th December, 2013

Yesterday’s analysis expected upwards movement for Thursday which was not what happened. Price moved lower, but has remained above the invalidation point on the hourly chart, and has unfolded as a clear three wave structure. The wave count remains the same....

S&P 500 Elliott Wave Technical Analysis – 21st November, 2013

Yesterday’s analysis expected it was highly likely that a small fourth wave correction was finally over, and that price should move higher during Thursday’s session. This is what happened. The wave counts remain the same. The main and alternate wave counts...

S&P 500 Elliott Wave Technical Analysis – 8th November, 2013

Movement above 1,755.72 has clarified the situation, confirming the main wave count and invalidating the alternate. The S&P 500 has not had a big trend change and I will expect new highs. I will continue to publish the bullish alternate wave count alongside the...

S&P 500 Elliott Wave Technical Analysis – 9th October, 2013

Last analysis main wave count expected upwards movement as most likely, and the alternate count expected downwards movement. Price has moved lower to complete an impulse and turned up slightly at the end of the session. I am swapping over the main and alternate wave...

S&P 500 Elliott Wave Technical Analysis – 3rd September, 2013

Last analysis main wave count expected a little downwards movement to begin the session which did not happen. Movement above 1,646.61 confirmed the trend change. Click on the charts below to enlarge. Main Wave Count. This wave count agrees with MACD and has some nice...

S&P 500 Elliott Wave Technical Analysis – 22nd August, 2013

Yesterday’s analysis expected upwards movement for Thursday’s session which is exactly what happened. We now have a channel breach on the hourly chart and so may have more confidence in the target. Click on the charts below to enlarge. This wave count...

S&P 500 Elliott Wave Technical Analysis – 14th August, 2013

Yesterday’s analysis expected upwards movement for Wednesday’s session. This is not what happened. Price has moved lower remaining above the invalidation point on the hourly chart. The wave count remains the same. Click on the charts below to enlarge. This...

S&P 500 Elliott Wave Technical Analysis – 6th August, 2013

Yesterday’s analysis had two hourly wave counts which diverged. The alternate expected some downwards movement and was confirmed below 1,703.55. However, the target of 1,700 was comfortably exceeded. I have a new hourly wave count for you today. Click on the...

S&P 500 Elliott Wave Technical Analysis – 11th June, 2013

Yesterday’s analysis had two hourly wave counts with confirmation / invalidation points. Movement below 1,632.98 invalidated the main hourly wave count and confirmed the alternate. Click on the charts below to enlarge. The bigger picture sees upwards movement...