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...

S&P 500 Elliott Wave Technical Analysis – 27th January, 2014

Last analysis expected more downwards movement. The first target at 1,785 was not where the subminuette wave iii ended, but the second target for minuette wave (iii) at 1,775 was met and only slightly exceeded by 2.12 points. Downwards movement was expected and was...

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...