S&P 500 Elliott Wave Technical Analysis – 24th July, 2017

Upwards movement within a small range fits both hourly Elliott wave counts. Both VIX and the AD line today exhibit some divergence with price. With this divergence for both indicating the same direction, they both point to which hourly Elliott wave count may be more...

S&P 500 Elliott Wave Technical Analysis – 6th July, 2017

Price has moved strongly lower exactly as the last published Elliott wave count expected. Summary: Expect now a multi week to multi month pullback has begun. The target zone for it to end is about 2,400 to 2,322. Expect downwards movement from here to now start to...

S&P 500 Elliott Wave Technical Analysis – 16th June, 2017

A small range inside week completes, which is exactly what was expected at the beginning of the week. Price is consolidating. Summary: Expect a sideways consolidation to continue into next week as well. When it is done, it should offer a good entry point to join the...

S&P 500 Elliott Wave Technical Analysis – 13th June, 2017

More sideways movement was expected for Tuesday’s session. Price has moved higher but has not made a new all time high, which fits fairly well with the expectations at the daily chart level. Summary: Expect a sideways consolidation to continue this week and...

S&P 500 Elliott Wave Technical Analysis – 2nd June, 2017

Upwards movement was expected. The Elliott wave target has been reached, but the classic technical analysis target using the measured rule has not yet been reached. Summary: The target for a third wave is met and the structure is complete. If price keeps rising, then...

S&P 500 Elliott Wave Technical Analysis – 28th April, 2017

An outside day remains above support. Classic analysis with a heavy reliance on On Balance Volume is used to determine which Elliott wave count is more likely. Summary: A brief shallow pullback may have moved sideways and slightly lower on Friday. This may present an...

S&P 500 Elliott Wave Technical Analysis – 5th April, 2017

Upwards movement was expected. Price did move higher to begin the session, but fell strongly in the final hours to close red. An outside day was completed. Summary: If the main wave count is correct, then price should now begin to move strongly higher. An upwards...

S&P 500 Elliott Wave Technical Analysis – 21st March, 2017

Downwards movement continued, as expected, and found support at three different trend lines. Summary: It is reasonably likely that downwards movement may halt here because price is at multiple support lines and exhibits bullish divergence with the AD line. A new high...

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

Another downwards day has unfolded as expected to start the new trading week. The Elliott wave count remains the same and has support from volume and ADX. Summary: A shallow pullback looks very likely now to have arrived. It may continue for another few days and...