For the very short term, a small pullback was expected to begin the new trading week, which is what has happened. The Elliott wave count and targets remain the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 24, 2019
Further upwards movement continues as expected from the Elliott wave count.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 21, 2019
A little sideways movement to complete a small range Doji candlestick fits the Elliott wave count. Price remains within the channel and below the invalidation point.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 30, 2019
The most likely scenario expected yesterday was for downwards movement to continue, which is what has happened. The first target is met and the structure is incomplete. The second target will now be used.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 29, 2019
A correction was expected for this week. Price remains within the channel on the daily chart as expected.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 7, 2019
For the very short term, a little downwards movement to 2,894 and at least below 2,900.50 was expected to begin the week. The low for Monday at 2,898.21 fits the expectation reasonably well. Price remains range bound.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 6, 2019
Another small range day remains below the last high. Overall, this fits the short-term expectation for the Elliott wave count.
Today On Balance Volume and the AD line indicate the likely form of this current correction.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 11, 2019
A very small range upwards day remains below the prior high and overall fits the short-term picture for the Elliott wave count.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 10, 2019
Upwards movement has continued as expected. The target remains the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – March 19, 2019