S&P 500 Elliott Wave Technical Analysis – 7th January, 2014

Yesterday’s analysis expected a little more upwards movement towards a short term target at 1,839.73. Price reached up to 1,840.10. The wave count remains the same. Click on the charts below to enlarge. This wave count has a higher probability than the bullish...

S&P 500 Elliott Wave Technical Analysis – 20th November, 2013

Yesterday’s analysis expected that a small fourth wave correction was over and that price would move higher during Thursday’s session. This is not what happened. Downwards movement is a continuation of the small fourth wave correction as a double zigzag....

S&P 500 Elliott Wave Technical Analysis – 7th November, 2013

Yesterday’s analysis expected downwards movement which is exactly what happened. This is the point at which the two hourly wave counts for the main daily wave count diverge. The next two to three days should illustrate which wave count has a higher probability....

S&P 500 Elliott Wave Technical Analysis – 27th September, 2013

I had expected upwards movement for Friday. Price moved lower and this has changed the wave count. Although the wave count at the hourly chart level remained valid, it no longer had the “right look”. Click on the charts below to enlarge. At 1,740...