S&P 500 Elliott Wave Technical Analysis – 3rd June, 2016

Downwards movement was expected. Price made a lower high and a lower low for the session. Summary: Downwards movement is still expected for next week; a first wave down is unfolding. The mid term target at 1,916 may be met in another 20 sessions. The long term target...

S&P 500 Elliott Wave Technical Analysis – 16th May, 2016

Upwards movement was expected from the main hourly Elliott wave count, which is what happened. Summary: The hourly wave counts are swapped over today. The new main count expects downwards movement to accelerate this week, with a short term target at 1,988 and a long...

S&P 500 Elliott Wave Technical Analysis – 27th April, 2016

Another small range day for another doji, now four in a row. The squeeze on price should be over very shortly. Summary: The possibility of new highs will remain while price remains above 2,039.74. A breach of the support line at the daily chart level would indicate a...

S&P 500 Elliott Wave Technical Analysis – 7th March, 2016

A small inside day fits both Elliott wave counts. Summary: Confirmation that the correction is over is required with a new low below 1,962.96. Upwards movement may continue while price remains above this point. A low below 1,962.96 by any amount at any time frame...

S&P 500 Elliott Wave Technical Analysis – 13th January, 2016

A new low below 1,901.10 confirmed a third wave down was unfolding. Thereafter, price continued lower. Summary: The trend is definitely down. The middle of a huge third wave is close and has not yet passed. The new target is 1,655. The invalidation point is relatively...

S&P 500 Elliott Wave Technical Analysis – 5th October, 2015

More upwards movement was expected for Monday. Price reached well above the target. Summary: I’ve taken a big step back today to look at the bigger picture, resulting in a changed wave count. I am still confident the S&P remains in a bear market because of...