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

A new all time high at the open gap up invalidated the alternate Elliott wave count providing confidence in the main Elliott wave count. The target remains the same. Summary: The target is at 2,440 (Elliott wave target) in the first instance, and may be as high as...

S&P 500 Elliott Wave Technical Analysis – 11th May, 2017

A strong whipsaw moved below the short term invalidation point on the hourly Elliott wave count. However, downwards movement was quickly retraced and today’s candlestick looks very bullish. Summary: There is enough bullishness in the daily technical analysis to...

S&P 500 Elliott Wave Technical Analysis – 10th May, 2017

A small inside day closes green. Price remains above stops on long positions. The Elliott wave analysis remains the same. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should keep stops on...

S&P 500 Elliott Wave Technical Analysis – 9th May, 2017

Upwards movement continues with a new all time high. Downwards movement at the end of this session remains above stops on long positions. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should...

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

Price continues to move sideways. A large symmetrical triangle may be forming. Summary: Sideways movement is expected to continue for maybe as long as another 19 sessions. Thereafter, the upwards trend should resume towards the final target at 2,500. New updates to...

S&P 500 Elliott Wave Technical Analysis – 31st March, 2017

A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation. Summary: The main Elliott wave count expects a little more downwards movement on Monday to either 2,358 or 2,354. If using this small pullback to enter the longer...

S&P 500 Elliott Wave Technical Analysis – 13th March, 2017

Price has moved sideways in a small range for Monday’s session. This fits the hourly Elliott wave count and the alternate daily Elliott wave count best. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another five days and...

S&P 500 Elliott Wave Technical Analysis – 24th February, 2017

A downwards day was not expected for Friday. The slight new lower high and lower low essentially moved price sideways for the session. Summary: A consolidation may end Monday with a short wave down to end below 2,352.87. Thereafter, the upwards trend should resume....