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

Last analysis expected some upwards movement for one to two days. Price has moved higher, although the daily candlestick for Friday is red. The wave counts remain the same, and the alternate has reduced in probability. Click on the charts below to enlarge. This wave...

S&P 500 Elliott Wave Technical Analysis – 17th December, 2013

Last analysis expected downwards movement for Tuesday’s session which is exactly what happened. The short term target has been recalculated. The wave counts remain the same. Click on the charts below to enlarge. Main Wave Count. This wave count has a higher...

S&P 500 Elliott Wave Technical Analysis – 19th November, 2013

Yesterday’s analysis expected a fourth wave correction to continue, and possibly end at the end of Tuesday’s session. This is what happened. There were several possibilities yesterday for the structure of this fourth wave, and the most common flat...

S&P 500 Elliott Wave Technical Analysis – 28th October, 2013

Last analysis expected one more day of upwards movement to a target at 1,764 to 1,765. Price moved higher to reach 1,764.99. This is a critical juncture. If the main wave count is correct then we should see a trend change either now or maybe within another eight days....

S&P 500 Elliott Wave Technical Analysis – 15th October, 2013

Yesterday’s analysis expected downwards movement for Tuesday as a second wave correction began. Price did move lower in typically choppy overlapping corrective movement. Click on the charts below to enlarge. Intermediate wave (4) is now over and lasted 14 days,...

S&P 500 Elliott Wave Technical Analysis – 4th October, 2013

Last analysis expected a little upwards movement before a trend change and a new low. Price has moved higher and there was no trend change. Upwards movement remains below the invalidation point on the hourly chart. I have two hourly charts for you to end the week. I...

S&P 500 Elliott Wave Technical Analysis – 25th September, 2013

Yesterday’s analysis expected a little downwards movement towards a short term target at 1,687 before a trend change. Price has moved very slowly lower, but the target is not yet reached and the trend change has not yet happened. Click on the charts below to...