S&P 500 Elliott Wave Technical Analysis – 23rd May, 2017

A red daily candlestick was expected for Tuesday’s session, buy this is not what happened. Price moved slightly higher to complete a small green candlestick. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains...

S&P 500 Elliott Wave Technical Analysis – 29th March, 2017

A small inside day fits within the Elliott wave count. The candlestick closed green and the balance of volume for the session was upwards. Overall, today may be read as neutral. Summary: The next wave up to a target at 2,455 may have begun. The invalidation point is...

S&P 500 Elliott Wave Technical Analysis – 10th March, 2017

A little upwards movement was expected from the hourly Elliott wave count published in last analysis. This is exactly what happened for Friday’s session. A target may now be calculated for the short term at two degrees. Summary: A deeper pullback looks very...

S&P 500 Elliott Wave Technical Analysis – 9th March, 2017

Downwards movement is again unfolding as the Elliott wave count and classic technical analysis expected. Summary: Some confidence today is had in the wave count with a breach of the Elliott channel. A deeper pullback looks very likely now to have arrived. It may last...

S&P 500 Elliott Wave Technical Analysis – 10th January, 2017

Sideways movement to complete a small green doji candlestick fits the Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is wrong, it may be a little too low. Use the trend...

S&P 500 Elliott Wave Technical Analysis – 9th January, 2017

The daily Elliott wave count is new. It was published in comments over the Christmas / New Year holiday. The hourly Elliott wave count expects the correction to continue and now has a target using a Fibonacci ratio. Summary: Some downwards movement to find support at...