S&P 500 Elliott Wave Technical Analysis – 11th December, 2014

I had expected more downwards movement first before the resumption of the upwards trend. This is not what happened, but price remains below the confirmation / invalidation point. Summary: We should always assume the trend remains the same, until proven otherwise. The...

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

The alternate bear Elliott wave count has been confirmed. I am changing the bull Elliott wave count to see the subdivisions in the same way. Summary: The target for this upwards movement to end is at 2,044. Click on charts to enlarge. Bearish Wave Count The weekly...

S&P 500 Elliott Wave Technical Analysis – 23rd October, 2014

Upwards movement was expected into a target zone of 1,952 – 1,982. Summary: It is likely that the upwards correction is complete and the next wave down has begun. This is either a third wave or a C wave. Initially a clear breach of the small channel on the...

S&P 500 Elliott Wave Technical Analysis – 8th October, 2014

Downwards movement below 1,926.03 was unexpected. This changes the wave count substantially. Summary: It is most likely that intermediate wave (1) or cycle wave b (for the bearish wave count) is over. In the short term I expect a five down to 1,918. Click on charts to...

S&P 500 Elliott Wave Technical Analysis – 1st October, 2014

Downwards movement has brought price to touch the upper aqua blue trend line. Summary: The situation is unclear, but the main wave count still has the better overall look. Movement above 1,964.04 would provide price confirmation that minute wave iv is over and minute...

S&P 500 Elliott Wave Technical Analysis – 30th September, 2014

Upwards movement made a new high. Thereafter, price turned down but remained above the invalidation point on the hourly chart. Summary: I still have some confidence that the correction is over. A new high above 1,986.37 would add further confidence. I expect about two...

S&P 500 Elliott Wave Technical Analysis – 15th September, 2014

Both the main and alternate hourly Elliott wave counts in last analysis expected more downwards movement for Monday. We have a new low and a red candlestick. Summary: Tomorrow I expect more downwards movement to a short term target at 1,975. Thereafter, we may see...

S&P 500 Elliott Wave Technical Analysis – 8th September, 2014

Monday completed a small red candlestick. On the hourly chart this movement fits perfectly as a complete first and second wave. Downward movement remains above the invalidation point, and found support at the lower edge of the channel on the hourly chart. Summary: The...