S&P 500 Elliott Wave Technical Analysis – 28th November, 2016

Price remains above the invalidation point on the hourly Elliott wave count. The small downwards movement for today still fits with overall expectations. Summary: An upwards trend is in place. Corrections are an opportunity to join the trend. A sideways correction is...

S&P 500 Elliott Wave Technical Analysis – 26th August, 2016

Price moved lower. The main Elliott wave count was invalidated and an alternate Elliott wave count was confirmed. Summary: Overall, next week should continue with downwards movement to end about 2,147.58. On Balance Volume is giving a stronger bearish signal but VIX...

S&P 500 Elliott Wave Technical Analysis – 4th August, 2016

Yesterday’s main Elliott wave count expected upwards movement, which is what has happened so far. Summary: Upwards movement is most likely next week. A new high above 2,178.29 would add confidence to this view. Alternatively, a new low now below 2,147.58 would...

S&P 500 Elliott Wave Technical Analysis – 11th April, 2016

Sideways movement of the last two sessions looks like an Elliott wave contracting triangle. In the short term, the wave count is changed. In the mid term, the expected direction is the same. Summary: This is still a bear market rally until proven otherwise. A final...

S&P 500 Elliott Wave Technical Analysis – 22nd March, 2016

A small green doji for the session looks corrective. Summary: This is still a bear market rally until proven otherwise. Price may continue a little lower tomorrow to complete a small correction about 2,035. Thereafter, the upwards trend should resume to at least...