S&P 500 Elliott Wave Technical Analysis – 15th July, 2016

Analysis yesterday again expected more upwards movement. While that is how the session began in the first hour, thereafter price fell to complete a small red daily candlestick. Summary: In the very short term, a small pullback to about 2,147 or 2,133 is expected. If...

S&P 500 Elliott Wave Technical Analysis – 23rd June, 2016

Upwards movement was expected. Summary: Bottom line: a new low below 2,050.37 would confirm an end to a bear market rally and a primary degree third wave down. Before that happens price may move higher all the way up to the all time high at 2,134.72, but not above if...

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

So far it looks like the alternate hourly Elliott wave count may be right, but we still don’t have price confirmation. Both hourly charts will expect the same movement next for the short term. Summary: In the short term, a small fourth wave may move higher and...

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

A breach of a channel on hourly chart is earliest confirmation of a trend change. Summary: Earliest indication that the correction may be over came today with a breach of the channel on the hourly chart. This increases the probability that the correction is over....

S&P 500 Elliott Wave Technical Analysis – 16th December, 2015

An upwards day was not expected. Price breached the near by invalidation point on the hourly chart. Summary: A downwards trend is still expected to be in place while price remains below 2,093.84. The middle of a big third wave down is still expected to begin sooner...