S&P 500 Elliott Wave Technical Analysis – 10th November, 2014

A red candlestick was expected for Monday. This is not what happened. Summary: The target for upwards movement to end is 2,049. This may be met in one to three days. Click on charts to enlarge. Bull Wave Count I will favour neither the bull or bear wave count. Both...

S&P 500 Elliott Wave Technical Analysis – 21st August, 2014

The main Elliott wave count is confirmed and the alternate was invalidated with a new high. The target remains the same. Summary: The fourth wave did not show up, and may not show up for a few days yet. The short term target is 1,999, but this may herald only a brief...

S&P 500 Elliott Wave Technical Analysis – 24th July, 2014

Upwards movement was again expected from yesterday’s Elliott wave analysis. The wave count remains the same. Summary: The target at 2,009.86 may be now be met in about one to three days time. This specific target is also a maximum point for this upwards movement...

S&P 500 Elliott Wave Technical Analysis – 2nd June, 2014

Upwards movement was expected, but the invalidation point on the hourly chart was slightly breached. The wave count is changed at the hourly chart level very slightly. The target remains the same. Summary: Upwards movement is incomplete. The target is at 1,939 to...

S&P 500 Elliott Wave Technical Analysis – 3rd April, 2014

Price moved lower as expected. A breach of the small channel on the hourly chart provides some confidence in this wave count. Summary: It is likely now that upwards movement has ended for the mid term. I still want to see a new low below 1,842.11 within the next few...

S&P 500 Elliott Wave Technical Analysis – 21st March, 2014

A slight new high changes the wave count, which was unexpected. Summary: I still expect a five wave structure downwards to end at the lower of the two aqua blue trend lines. The new high is unconfirmed by the DJIA, DJT, and Nasdaq. Recent upwards movement is very...

S&P 500 Elliott Wave Technical Analysis – 7th March, 2014

Yesterday’s analysis expected downwards movement to most likely begin, but a channel breach was required before confidence could be had in a trend change. Price moved slightly higher and remains well within the channel. The wave count remains the same. Summary:...