For the very short term, a little more downwards movement was expected to end about 2,930 to 2,924. Downwards movement for the session reached 2,916.01, 7.99 below the lower edge of the target zone.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 25, 2019
Downwards movement was expected as most likely for Friday’s session, which is exactly what happened.
The first target at two degrees can now be calculated.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 31, 2019
A small inside day leaves the short-term Elliott wave count unchanged.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 8, 2019
Upwards movement has continued as the bigger picture for the Elliott wave count expected, although a little more sideways movement was expected first.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 12, 2019
Downwards movement remains well above the invalidation point and the lower edge of the channel on the main Elliott wave daily chart.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – March 20, 2019
Upwards movement continued for the start of the new week, reaching just 0.51 points short of the first target.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – February 25, 2019
Last analysis identified a small pennant pattern and expected an upwards breakout. This is exactly what has happened.
Targets are calculated using an Elliott wave count with Fibonacci ratios, and the flag pole of the pennant.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – January 30, 2019