S&P 500 Elliott Wave Technical Analysis – 1st August, 2016

Upwards movement is choppy and overlapping indicating a diagonal. Summary: A consolidation may be completing for intermediate wave (2). Price should move overall upwards before turning and moving lower for a few days to end below 2,159.07. Last monthly chart for the...

S&P 500 Elliott Wave Technical Analysis – 7th April, 2016

Upwards movement was expected. This is not what happened. Price remains above the invalidation point on the hourly chart. The Elliott wave count remains on track. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to...

S&P 500 Elliott Wave Technical Analysis – 18th March, 2016

Upwards movement continues as expected. Summary: This is still a bear market rally until proven otherwise. A short term target for Monday is 2,057. This rally is reasonably likely to end above 2,116.48, but it cannot make a new all time high. In the short term, the...