S&P 500 Elliott Wave Technical Analysis – 31st October, 2016

A small inside day printed a small red doji candlestick. The Elliott wave counts remain the same. Some divergence today is noted between price and the AD line, and between price and VIX. This may assist to indicate the direction for tomorrow. Summary: Upwards movement...

S&P 500 Elliott Wave Technical Analysis – 5th October, 2016

Upwards movement breached the invalidation point on the hourly chart, which was very close by at 2,154.77. The short term structure is changed. Summary: Sideways movement for another few days may complete a triangle, which should break out downwards for a short sharp...