Today signals from both the AD line and inverted VIX suggest the next short-term movement. The Elliott wave invalidation point for the main Elliott wave count remains the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – October 7, 2019
Price continues to move higher as expected. The Elliott wave target remains the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – September 12, 2019
Upwards movement remains below the short-term invalidation point. The Elliott wave counts are swapped over today after analysis of internal volume and breadth in the last two sessions.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – August 19, 2019
A new all time high invalidates the bearish wave count and adds confidence to the bullish wave count. Targets calculated using Fibonacci Ratios between Elliott waves remain the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – July 24, 2019
A small upwards day fits expectations for the short term. At the end of the week, volume and breadth are pointing to the direction for next week.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 28, 2019
More upwards movement was expected from the S&P500 for Wednesday’s session, which is what has happened.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 5, 2019
Downwards movement is now too large to look right for the main daily chart. The bigger picture remains the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 13, 2019
Some consolidation or a pullback was expected to begin. An outside day which closes red overall fits this expectation.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – April 17, 2019
A little more downwards movement was expected for Monday, although the short-term target at 2,796 was too high.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – March 25, 2019
On Balance Volume gives a signal today that suggests a primary degree correction may have arrived. Fibonacci ratios are used for targets.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – February 28, 2019