S&P 500 Elliott Wave Technical Analysis – 20th March, 2015

The correction was already complete. Upwards movement continued. Summary: The mid term target remains the same at 2,178 for primary wave 3 (or cycle wave b for the bear wave count) to end. Upwards movement should not end until the upper blue 1-3 trend line on the...

S&P 500 Elliott Wave Technical Analysis – 27th February, 2015

Upwards movement was expected but price moved lower, remaining just above the invalidation point which is very close by. Summary: Upwards movement may continue for four more sessions to reach 2,133. It is just possible that it is over, but this has a lower...

S&P 500 Elliott Wave Technical Analysis – 17th February, 2015

Upwards movement was expected again for both Elliott wave counts. Summary: I am swapping over the main and alternate bullish wave counts today. I expect a continuation of upwards movement to a target at 2,133 for a few days. Click charts to enlarge. Bullish Wave Count...

S&P 500 Elliott Wave Technical Analysis – 21st January, 2015

A new low was expected to begin the session. The upwards trend should have resumed. Summary: In the short term either this sideways correction is incomplete (main wave count) or one last final high will be seen before a primary degree trend change (alternate wave...

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

Downwards movement was not expected, but with no confirmation that the upwards trend had resumed it was allowed for. Summary: A clear breach of the channel on the hourly chart is still required to confirm that the upwards trend has resumed. When we have this...

S&P 500 Elliott Wave Technical Analysis – 12th September, 2014

The main hourly Elliott wave count expected more downwards movement which is what happened during Friday’s session. Both wave counts remain valid. Summary: Minute wave iv has now lasted six days and should continue for at least two more weeks. Overall, minute...

S&P 500 Elliott Wave Technical Analysis – 20th August, 2014

Price moved higher fitting yesterday’s alternate wave count better, but not quite enough for confirmation. When looking at the daily charts for the “right look” and trend lines, I decided to swap over the main and alternate Elliott wave counts....

S&P 500 Elliott Wave Technical Analysis – 10th July, 2014

Yesterday’s analysis had allowed for a correction for a small second wave to show up as a doji or green candlestick, and so the green candlestick for Wednesday’s session was anticipated. The Elliott wave count remains the same. Summary: I expect downwards...