S&P 500 Elliott Wave Technical Analysis – 2nd August, 2017

Sideways movement completes an outside day and fits both Elliott wave counts. This market is again range bound. Summary: Assume the trend remains up while price remains above 2,459.93. The target is at 2,500 now. A new low now below 2,459.93 would add some confidence...

S&P 500 Elliott Wave Technical Analysis – 26th April, 2017

A small pullback was expected to unfold here or shortly. An upwards day closes red, with a long upper wick on the candlestick. This looks like a small pullback may have begun at the end of this session. Summary: If a small pullback remains above 2,376.98, then expect...

S&P 500 Elliott Wave Technical Analysis – 25th July, 2016

Downwards movement to below 2,168.98 but not below 2,159.75 was expected as most likely by the main Elliott wave count for Monday. Price moved lower to reach 2,161.94. Summary: A small pennant or Elliott wave triangle may have ended today. This should be followed by a...

S&P 500 Elliott Wave Technical Analysis – 6th July, 2016

Downwards movement was expected for Wednesday’s session, but this is not what happened. Price remains below the invalidation point on the hourly Elliott wave chart. Summary: Downwards movement should continue from here with lower lows and lower highs. In the...

S&P 500 Elliott Wave Technical Analysis – 14th June, 2016

A bounce was again expected for Tuesday but did not happen. Summary: The trend is down; look out for surprises to the downside. There is now enough technical indication of a trend change for a short position to be entered. Corrections are an opportunity to join the...

S&P 500 Elliott Wave Technical Analysis – 25th May, 2016

More upwards movement was expected to a target at 2,099 or resistance at the bear market trend line. Price has stopped for the session right at the trend line. Summary: Upwards movement is either over today or it may end slightly higher tomorrow. A breach of the green...