S&P 500 Elliott Wave Technical Analysis – 22nd June, 2017

Yesterday it was noted that bullish divergence in both VIX and market breadth suggested an upwards session for Thursday. This is what has happened. Summary: Assume the trend remains the same, upwards, until proven otherwise; while price remains above 2,422.88, assume...

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...