A sideways inside day to end the trading week leaves both Elliott wave counts essentially the same.
Classic technical analysis favours the main Elliott wave count.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – August 12, 2019
A strong upwards day sees the Elliott wave counts swapped over. Targets remain the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – August 8, 2019
Downwards movement remains above the invalidation point on the daily chart. The short-term hourly chart is today relabelled after the pullback of this session.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – July 17, 2019
Upwards movement was expected to continue. A new high today fits this expectation.
The two short-term Elliott wave counts today diverge very slightly, but the larger Elliott wave count remains exactly the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – July 15, 2019
Further upwards movement continues as expected from the Elliott wave count.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 21, 2019
Upwards movement has continued for the session as expected. The Elliott wave counts remain the same.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 19, 2019
The most likely scenario expected yesterday was for downwards movement to continue, which is what has happened. The first target is met and the structure is incomplete. The second target will now be used.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 29, 2019
For the very short term, a little downwards movement to 2,894 and at least below 2,900.50 was expected to begin the week. The low for Monday at 2,898.21 fits the expectation reasonably well. Price remains range bound.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 6, 2019
Yesterday’s Elliott wave count expected more downwards movement, and this view had support from a Bearish Engulfing candlestick reversal pattern on the daily chart. For today’s session, more downwards movement is what has occurred.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – May 2, 2019