Tag Archives: s&p 500 elliott wave chart

S&P 500: Elliott Wave and Technical Analysis | Charts – December 30, 2019

A new low below 3,220.51 and the narrow channel about most recent upwards movement suggests a fourth wave correction may have arrived. Fibonacci ratios and the fourth wave of one lesser degree are used to estimate a target for support.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – December 30, 2019

S&P 500: Elliott Wave and Technical Analysis | Charts – October 17, 2019

Overall, upwards movement was expected to continue. With price now back close to resistance at the last all time high and showing a little weakness, the risk here of a small pullback is high. Fibonacci ratios are used to judge where a pullback may find support.

Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – October 17, 2019