S&P 500 Elliott Wave Technical Analysis – 13th November, 2015

Downwards movement was expected and ended at an expected line of support. Summary: The trend is down. The alternate which allowed for more upwards movement has been invalidated. This may be a big third wave at intermediate degree unfolding, so expect any surprises to...

S&P 500 Elliott Wave Technical Analysis – 4th November, 2015

The channel on the hourly chart is breached. Summary: Upwards movement is more likely now to be over. A new low below 2,058.84 would add full confidence that a new wave down has begun. If price moves to a new high tomorrow, the target for upwards movement to end is at...

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

Upwards movement continued which favours the bear Elliott wave count short term. The correction may be almost over and now a target may be calculated for it in which I have more confidence. Summary: A zigzag upwards may be almost complete. A target for it to end is at...