An upwards breakout has support from volume today. Elliott wave targets remain the same.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 23, 2019 →

Price is moving sideways and remains range bound.

The main Elliott wave count today has good support from classic technical analysis. The AD line (as an indication of market breadth) and moving averages are used to indicate the most likely breakout direction.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – March 28, 2019 →

Sideways movement continues within the range that price has been in now for six sessions. The breakout is still expected to be in the same direction.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – March 5, 2019 →

A breach of an important channel changes the mid-term outlook for the S&P today. Members were warned yesterday that the risk of a pullback was heightened.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – February 7th, 2019 →

The upwards trend has resumed after a small triangle completed, which was exactly what the Elliott wave count expected.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – January 15, 2019 →

Yesterday’s analysis expected a low was in place. Today a higher high and a higher low fits the definition of upwards movement, although the candlestick closed red. The Elliott wave count remains the same and the target remains the same.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 11th December, 2018 →

A breach of the channel on the hourly chart indicated a low may be in place.

Price has moved higher after the channel breach, which was expected.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 15th November, 2018 →

Downwards movement was again expected for the new week, which is what has happened.

Three Elliott wave counts remain valid. The first two have a higher probability.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 22nd October, 2018 →

Upwards movement for the week to new all time highs was expected for the main Elliott wave count.

Also, upwards movement for the week has invalidated the alternate Elliott wave count. When alternate wave counts are invalidated, then more confidence may be had in the main wave count.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 21st September, 2018 →

A small shallow correction within the upwards trend was expected to unfold today but did not.

The overall trend remains upwards, as expected, but there are a cluster of bearish signals developing to watch.

Continue reading S&P 500 Elliott Wave Technical Analysis – 29th August, 2018 →