S&P 500 Elliott Wave Technical Analysis – 25th October, 2017

Bearish divergence noted in the past few sessions between price and market breadth has correctly signalled a fall in price. Summary: A new low below 2,457.92 gives some reasonable confidence that a fourth wave correction has arrived. The fourth wave may be relatively...

S&P 500 Elliott Wave Technical Analysis – 8th August, 2017

The diamond pattern was broken but the possible upwards breakout was quickly reversed. The second hourly Elliott wave count expected this but price fell 6.13 points short of the target. Summary: It now looks likely that primary wave 3 ended today and primary wave 4...

S&P 500 Elliott Wave Technical Analysis – 21st June, 2017

Price remains above the invalidation point, but the closure of the last gap and price moving back down into the prior consolidation zone puts the breakout as false. The gap was a pattern gap and not a breakaway gap. Summary: Assume the trend remains the same, upwards,...

S&P 500 Elliott Wave Technical Analysis – 14th June, 2017

Price remains range bound, which was expected. Wednesday completed an outside day that closed red. Summary: Expect a sideways consolidation to continue this week and likely into next week as well. When it is done, it should offer a good entry point to join the longer...

S&P 500 Elliott Wave Technical Analysis – 26th May, 2017

A small inside day saw price move sideways for Friday, remaining within the channel on the hourly chart. Summary: The target is at 2,440 (Elliott wave target) to 2,448 (classic analysis target). Expect upwards movement to continue. Corrections are an opportunity to...