S&P 500 Elliott Wave Technical Analysis – 19th December, 2014

More upwards movement was expected. The target remains the same. Summary: The mid term target is at 2,132. This may be met in 10 or 18 days time. Click on charts to enlarge. Bull Wave Count I will favor neither the bull or bear wave count. Both are viable and both...

S&P 500 Elliott Wave Technical Analysis – 28th November, 2014

Upwards movement was expected to a short term target at 2,077. Price did begin Friday’s session with upwards movement to a new high, but fell 1.24 points short of the target. Thereafter, it turned lower for a small fourth wave correction which was expected....

S&P 500 Elliott Wave Technical Analysis – 19th November, 2014

The Elliott wave count is adjusted at the hourly and five minute chart level. The target remains the same. Summary: The structure is still incomplete. I expect price to keep rising. The next likely target is at 2,079. Click on charts to enlarge. Bull Wave Count I will...

S&P 500 Elliott Wave Technical Analysis – 12th November, 2014

Another green candlestick was expected for Wednesday up to the target at 2,049. This is not what happened. Summary: Again, upwards movement could be over with a complete structure. I expect downwards movement from here for at least one week. The depth and structure...

S&P 500 Elliott Wave Technical Analysis – 11th August, 2014

The main hourly Elliott wave count was correct. This fourth wave correction may end in another one to three days. I can now calculate a target for it to end. The Elliott wave structure remains the same. Summary: I expect downwards movement for one to three days to...

S&P 500 Elliott Wave Technical Analysis – 8th May, 2014

More sideways movement for Thursday’s session fits yesterday’s alternate hourly wave count perfectly. I am discarding the main wave count now because we have not seen the increase in upwards momentum it required. I have a new alternate for you today, but...

S&P 500 Elliott Wave Technical Analysis – 26th March, 2014

Downwards movement was expected, although the session began with a spike higher which invalidated the main hourly wave count. The main wave count is changed slightly and still has a better fit and overall look. Price has not moved low enough for confidence in this...