A breach of the small channel on the hourly Elliott wave chart in the third hour of today’s session saw an expectation that price may continue lower to either 2,736 or 2,696. A close at 2,700 mostly fits this expectation.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 4th December, 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
Upwards movement completes a candlestick reversal pattern. This and volume indicate the Elliott wave counts should be swapped over today.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 26th November, 2018
Upwards movement overall was expected for the week, which is what has happened.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 9th 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
Upwards movement overall was expected to continue. This is what is happening.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 1st November, 2018
Upwards movement indicates an alternate Elliott wave count looks more likely.
Today two Elliott wave counts are again presented as options.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – 16th 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
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