S&P 500 Elliott Wave Technical Analysis – 9th November, 2016

A new high above 2,154.79 adds confidence to the main Elliott wave count. A new alternate is presented today, but it has a very low probability. Dow Theory today provides important confirmation. Summary: Classic analysis favours a bullish Elliott wave count. The new...

S&P 500 Elliott Wave Technical Analysis – 21st October, 2016

Upwards movement was again expected and again failed to materialise. The main Elliott wave count is still preferred. Summary: The Elliott wave count expects more upwards movement from here to show an increase in upwards momentum and be supported by volume. This...

S&P 500 Elliott Wave Technical Analysis – 29th August, 2016

Some upwards movement was expected for a second wave. Price remains below the invalidation point. Summary: Overall, this week and maybe also next week should continue with downwards movement to end about 2,147.58. Downwards movement may be choppy, overlapping, and...

S&P 500 Elliott Wave Technical Analysis – 13th April, 2016

An upwards breakout was expected, but has come a day or so earlier than expected in yesterday’s analysis. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. A new high reasonably above...

S&P 500 Elliott Wave Technical Analysis – 24th March, 2016

Downwards movement was expected to continue. This is what happened. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. On Balance Volume strongly suggests that downwards movement for Thursday...