Upwards movement again continued as the main Elliott wave count expected.
Today the AD line and VIX give a signal for tomorrow’s direction. Fibonacci ratios are used as targets.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 29th November, 2018
Upwards movement was expected as most likely for Wednesday. The target on the main Elliott wave count remains the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 28th November, 2018
A little more upwards movement was expected from the short-term hourly Elliott wave count.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 6th November, 2018
For the short term, both hourly Elliott wave counts expected the week to begin with a little upwards movement, which is what has happened.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 5th November, 2018
Downwards movement continued as expected, although the short term target was again inadequate.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 11th October, 2018
Last analysis expected that a primary degree bearish wave had arrived. Today’s downwards movement overall fits that expectation, although targets were inadequate.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 10th October, 2018
A new swing low at the daily chart level indicates the Elliott wave counts should now be swapped over.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 8th October, 2018
A signal from On Balance Volume and another signal from the AD line this week all support the alternate Elliott wave count. Price is the ultimate determinator though, so a specific price point is given for members that may indicate which wave count is correct.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 5th October, 2018
Downwards movement remains above the invalidation point for the main Elliott wave count and above the last swing low on the daily chart. Two Elliott wave counts remain valid.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 4th October, 2018