S&P 500 Elliott Wave Technical Analysis – 16th August, 2017

The target for upwards movement was not met, but price did move higher towards it. The target is recalculated today. Summary: Allow for the possibility of a little more upwards movement while price remains within the best fit channel, but it should not make a new all...

S&P 500 Elliott Wave Technical Analysis – 19th June, 2017

An upwards breakout may have come sooner than expected. The final target remains the same. Summary: Assume the trend remains the same, upwards, until proven otherwise. This looks like an upwards breakout. Any small correction now is an opportunity to join the trend....

S&P 500 Elliott Wave Technical Analysis – 6th March, 2017

A new low below 2,371.54 invalidated the hourly Elliott wave count and indicated a pullback has likely arrived. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low...

S&P 500 Elliott Wave Technical Analysis – 19th July, 2016

A short term pullback was expected. Another small inside day completes a small red doji. Summary: In the very short term, sideways movement may continue for another session or so. Thereafter, the upwards trend should resume. Last monthly chart for the main wave count...

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

Upwards movement unfolded for the session exactly as expected, ending almost at the target which was at 2,038.15. Summary: In the short term, some sideways movement is most likely to complete a fourth wave correction for another two or four days, with two more likely....

S&P 500 Elliott Wave Technical Analysis – 8th June, 2016

Downwards movement was again expected for the session and again failed to materialise. No confirmation of a trend change has been indicated yet either, so it was allowed that price could move a little higher. Summary: Price is persistently weak but no trend change is...

S&P 500 Elliott Wave Technical Analysis – 20th May, 2016

Friday’s analysis came with the warning that the session may print a green daily candlestick, which is what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. A new main hourly wave count expects upwards...