S&P 500 Elliott Wave Technical Analysis – 12th May, 2015

Downwards movement has deepened the correction, which remains above the trend line and invalidation point. Summary: It is fairly likely that minuette wave (b) is over and minuette wave (c) up has begun. The short term target is at 2,135 for upwards movement to end....

S&P 500 Elliott Wave Technical Analysis – 6th May, 2015

Downwards movement continued, as expected, reaching 3.07 points below the target which was at 2,071. Summary: The wave count now expects upwards movement to be extremely likely to move above 2,125.92 to avoid a truncation. Upwards movement is highly likely to only end...

S&P 500 Elliott Wave Technical Analysis – 30th April, 2015

A new low below 2,086.38 indicated further downwards movement to end before 2,013.27, most likely to end at the lower aqua blue trend line. Summary: I have just the one bull and the one bear wave count today. They both expect the same direction next and they...

S&P 500 Elliott Wave Technical Analysis – 24th April, 2015

Upwards movement was expected to continue. Price made a slight new high and Friday completed a small green candlestick. Summary: The target for the main wave count is now at 2,187. The target for the more bullish alternate is first at 2,571. Click charts to enlarge....

S&P 500 Elliott Wave Technical Analysis – 20th April, 2015

The hourly chart expected some upwards movement for another second wave correction in the short term. This unfolded on Monday. Summary: The mid term target remains at 2,000 and may be met in another five or ten sessions if minuette wave (iii) totals a Fibonacci eight...

S&P 500 Elliott Wave Technical Analysis – 20th March, 2015

The correction was already complete. Upwards movement continued. Summary: The mid term target remains the same at 2,178 for primary wave 3 (or cycle wave b for the bear wave count) to end. Upwards movement should not end until the upper blue 1-3 trend line on the...

S&P 500 Elliott Wave Technical Analysis – 27th February, 2015

Upwards movement was expected but price moved lower, remaining just above the invalidation point which is very close by. Summary: Upwards movement may continue for four more sessions to reach 2,133. It is just possible that it is over, but this has a lower...