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

Upwards movement was expected for the main Elliott wave count. Summary: The trend is upwards and the breakout should come tomorrow. The short term target is at 2,080.. Click on charts to enlarge. Main Bull Wave Count I will favor neither the bull or bear wave count....

S&P 500 Elliott Wave Technical Analysis – 29th January, 2015

Price has still not confirmed either Elliott wave count, and they both remain valid. Summary: The main wave count expects downwards movement to a target at 1,955. This would be confirmed with a new low below 1,988.12. The alternate must see upwards movement from here,...

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...