S&P 500 Elliott Wave Technical Analysis – 15th August, 2017

The alternate hourly wave count was indicated as correct early in the session when price made a new high above 2,462.59. Summary: The target for the bounce to end is at 2,480. Single day divergence today between price and the AD line suggests downwards movement...

S&P 500 Elliott Wave Technical Analysis – 3rd July, 2017

Last Elliott wave analysis expected downwards movement for the short term. This is not what happened, but upwards movement remains below the invalidation point and within the base channel. Summary: Expect now a multi week to multi month pullback has begun. The target...

S&P 500 Elliott Wave Technical Analysis – 2nd May, 2017

Price remains range bound. Another small doji completes an inside day. The Elliott wave counts remain mostly the same with a small change for the main hourly chart. Summary: This small consolidation may present an opportunity to join the upwards trend. Stops may be...

S&P 500 Elliott Wave Technical Analysis – 24th March, 2017

A little downwards movement to below 2,340.51 but not below 2,336.45 was expected during Friday’s session. Price did move lower, but it made a slight new low below 2,336.45, which was not expected. Summary: Volatility declined and market breadth improved while...

S&P 500 Elliott Wave Technical Analysis – 18th July, 2016

A short term pullback was expected. Price has not moved lower, but moved higher in a small inside day. Summary: In the very short term, a small pullback to about 2,147 or 2,133 is still expected. If this expectation is wrong, it will be in that these targets are too...

S&P 500 Elliott Wave Technical Analysis – 27th June, 2016

A bounce was expected short term for Monday / Tuesday but did not turn up on Monday. The mid term target at 2,000 was met and exceeded by 8.32 points. Summary: In the short term, it looks very likely today (more so than the end of last week) that a multi day bounce...