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 – 9th September, 2014

Downwards movement was not expected for Tuesday’s session. The invalidation point at 1,990.10 on the hourly chart was breached. The Elliott wave count is changed. Summary: I expect that minute wave iii is actually over sooner than expected. A clear breach of any...

S&P 500 Elliott Wave Technical Analysis – 15th July, 2014

Downwards movement was expected. It subdivides as a five wave impulse on the five minute chart and so this fits the main wave count nicely. Summary: My main wave count which has a higher probability expects downwards movement to begin to show an increase in downwards...

S&P 500 Elliott Wave Technical Analysis – 19th June, 2014

Upwards movement was expected from yesterday’s technical analysis. The Elliott wave structure is incomplete and price should continue up towards the target. Summary: In the short term I expect more upwards movement to a target at 1,964. The target may be met in...

S&P 500 Elliott Wave Technical Analysis – 5th June, 2014

Upwards movement from the S&P 500 was expected. The Elliott wave structure may now be complete. The target has been slightly exceeded by 2.74 points. Summary: The pink trend line of the diagonal is slightly overshot and this has a very typical look. Movement...

S&P 500 Elliott Wave Technical Analysis – 9th May, 2014

The main wave count looks even better after Friday’s price action. With slightly lower movement the targets have been recalculated. Summary: I expect to see upwards movement next week. A break above 1,889.07 would confirm this. The first target is 1,911. The...

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

Downwards movement was expected and breached the channel on the hourly chart. At this stage the main wave count has a better fit on the five minute chart, and so has a higher probability. Summary: A third wave downwards has most likely begun. It is either a third wave...

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

Price moved slightly lower to begin the session completing a five wave structure downwards. This should be followed by a correction and I can calculate a target for it to end. Summary: I expect a second wave correction may complete tomorrow. The target for it is...