S&P 500 Elliott Wave Technical Analysis – 11th December, 2014

I had expected more downwards movement first before the resumption of the upwards trend. This is not what happened, but price remains below the confirmation / invalidation point. Summary: We should always assume the trend remains the same, until proven otherwise. The...

S&P 500 Elliott Wave Technical Analysis – 1st October, 2014

Downwards movement has brought price to touch the upper aqua blue trend line. Summary: The situation is unclear, but the main wave count still has the better overall look. Movement above 1,964.04 would provide price confirmation that minute wave iv is over and minute...

S&P 500 Elliott Wave Technical Analysis – 8th September, 2014

Monday completed a small red candlestick. On the hourly chart this movement fits perfectly as a complete first and second wave. Downward movement remains above the invalidation point, and found support at the lower edge of the channel on the hourly chart. Summary: The...

S&P 500 Elliott Wave Technical Analysis – 8th August, 2014

Last Elliott wave analysis expected upwards movement for Friday’s session to a short term target at 1,933. Upwards movement was exactly what happened, reaching 1,932.38. The Elliott wave structure remains the same. Summary: This fourth wave correction may end in...

S&P 500 Elliott Wave Technical Analysis – 28th July, 2014

Last Elliott wave analysis expected Monday to open with downwards movement to a short term target at 1,974.05 before an upwards correction. Price did begin by moving lower, to reach down to 1,967.31, 6.74 points below the target, before turning upwards. The Elliott...

S&P 500 Elliott Wave Technical Analysis – 14th July, 2014

Monday was expected to open with upwards movement which is what happened. Tomorrow, the main and alternate Elliott wave counts diverge considerably. After tomorrow’s session we should have clarity. Summary: My main wave count which has a higher probability...

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

Downwards movement was expected. The wave count looks correct. At this stage I cannot calculate a target for this movement to end. I will use the lower of the double aqua blue trend lines on the daily chart as a guideline. Summary: Movement below 1,842.11 has provided...

S&P 500 Elliott Wave Technical Analysis – 25th March, 2014

Downwards movement was expected. Price has not moved low enough for confidence in this wave count yet. The outlook is unchanged. Summary: I want to see movement below 1,849.69 tomorrow to have confidence in a trend change at minor degree. Price needs to break out of...

S&P 500 Elliott Wave Technical Analysis – 11th March, 2014

Downwards movement was expected. When the channel on the daily chart about the last upwards wave is clearly breached we shall have confirmation of this trend change. While price remains within that channel we must accept the alternate is possible, although it has a...