S&P 500 Elliott Wave Technical Analysis – 22nd August, 2014

Price moved lower during Friday’s session to complete a very small red candlestick. This was one of the two fourth wave corrections I was expecting, which turned a few days earlier than expected. Summary: I expect the resumption of the upwards trend on Monday....

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

Last Elliott wave analysis expected upwards movement for Friday’s session to a short term target at 1,933. Upwards movement was exactly what happened, reaching 1,932.38. The Elliott wave structure remains the same. Summary: This fourth wave correction may end in...

S&P 500 Elliott Wave Technical Analysis – 28th July, 2014

Last Elliott wave analysis expected Monday to open with downwards movement to a short term target at 1,974.05 before an upwards correction. Price did begin by moving lower, to reach down to 1,967.31, 6.74 points below the target, before turning upwards. The Elliott...

S&P 500 Elliott Wave Technical Analysis – 14th July, 2014

Monday was expected to open with upwards movement which is what happened. Tomorrow, the main and alternate Elliott wave counts diverge considerably. After tomorrow’s session we should have clarity. Summary: My main wave count which has a higher probability...

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

Last Elliott wave count expected downwards movement. We do have a tiny red doji candlestick, but price remains above the confidence point. Summary: The downwards structure is giving cause for concern. I want to see price break below 1,925.78 to have any confidence in...

S&P 500 Elliott Wave Technical Analysis – 16th June, 2014

Last Elliott wave analysis had expected downwards movement for Monday’s session. This is not what happened and price moved higher. Upwards movement fell short of the invalidation point and so the wave count remains valid. Summary: In the short term I expect more...

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

Downwards movement was expected. The wave count looks correct. At this stage I cannot calculate a target for this movement to end. I will use the lower of the double aqua blue trend lines on the daily chart as a guideline. Summary: Movement below 1,842.11 has provided...

S&P 500 Elliott Wave Technical Analysis – 25th March, 2014

Downwards movement was expected. Price has not moved low enough for confidence in this wave count yet. The outlook is unchanged. Summary: I want to see movement below 1,849.69 tomorrow to have confidence in a trend change at minor degree. Price needs to break out of...