A new high leaves the alternate Elliott wave count valid but prompts a reanalysis of this upwards wave.
Two new Elliott wave counts are published for members. The main Elliott wave count has support from volume and VIX.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – March 13, 2019
The first target at 2,767 was met and price kept rising. The next target is now used.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – February 15, 2019
Downwards movement was expected. A lower low and a lower high fits this expectation for the session.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – January 23, 2019
The main and alternate Elliott wave counts are swapped over today.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – December 19, 2018
A quiet end to a short-trading week makes little difference to all five Elliott wave counts.
Classic technical analysis mostly favours the first presented Elliott wave count.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 23rd November, 2018
A breakout of the channel on the hourly charts indicated a low was most likely in place. More upwards movement was expected at that stage, which has happened.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 31st October, 2018
Price remains range bound. A breakout is expected tomorrow or within the next very few days.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 1st October, 2018
The last gap is closed, indicating it should be an exhaustion gap. The bearish wave count now increases in probability, but both bull and bear Elliott wave counts remain valid.
Continue reading S&P 500 Elliott Wave Technical Analysis – 6th September, 2018