S&P 500 Elliott Wave Technical Analysis – 20th January, 2017

A little upwards movement invalidated the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is wrong, it may be a little too low. Use the trend line as a preference. If...

S&P 500 Elliott Wave Technical Analysis – 19th December, 2016

A small inside day continues a small consolidation, which was what both the daily and two hourly Elliott wave counts expected. The alternate hourly Elliott wave count will be discarded today. Summary: It is possible that the consolidation is over today. If yes, the...

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

A short sharp thrust down was expected before price turned upwards, but this is not what happened. Price moved upwards at the start of the session. Summary: The trend remains the same, until proven otherwise. Assume the trend is up while price is above 2,147.58. The...

S&P 500 Elliott Wave Technical Analysis – 22nd August, 2016

Upwards movement was expected. Price moved sideways to print a small green doji daily candlestick. Summary: The trend remains the same, until proven otherwise. Assume the trend is up while price is above 2,147.58. The mid term targets are 2,332 or 2,445. If price...