S&P 500 Elliott Wave Technical Analysis – 6th March, 2017

A new low below 2,371.54 invalidated the hourly Elliott wave count and indicated a pullback has likely arrived. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low...

S&P 500 Elliott Wave Technical Analysis – 19th July, 2016

A short term pullback was expected. Another small inside day completes a small red doji. Summary: In the very short term, sideways movement may continue for another session or so. Thereafter, the upwards trend should resume. Last monthly chart for the main wave count...

S&P 500 Elliott Wave Technical Analysis – 28th June, 2016

Upwards movement unfolded for the session exactly as expected, ending almost at the target which was at 2,038.15. Summary: In the short term, some sideways movement is most likely to complete a fourth wave correction for another two or four days, with two more likely....

S&P 500 Elliott Wave Technical Analysis – 8th June, 2016

Downwards movement was again expected for the session and again failed to materialise. No confirmation of a trend change has been indicated yet either, so it was allowed that price could move a little higher. Summary: Price is persistently weak but no trend change is...

S&P 500 Elliott Wave Technical Analysis – 20th May, 2016

Friday’s analysis came with the warning that the session may print a green daily candlestick, which is what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. A new main hourly wave count expects upwards...

S&P 500 Elliott Wave Technical Analysis – 2nd May, 2016

Upwards movement was expected for the short term from both hourly Elliott wave counts. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and it is supported by technical...

S&P 500 Elliott Wave Technical Analysis – 11th March, 2016

Downwards movement was expected but did not happen. A new alternate Elliott wave count is published with this analysis. Summary: The short / mid term trend remains up while price remains above 1,969.25. The target is 2,086 – 2,088. When the next impulse is over,...

S&P 500 Elliott Wave Technical Analysis – 7th October, 2015

Downwards movement was expected for Wednesday’s session, but it did not happen. Price moved sideways and then ended with upwards movement. Summary: A short term target for upwards movement to end is at 2,013. When the channel on the hourly charts is breached by...