S&P 500 Elliott Wave Technical Analysis – 26th April, 2016

A very small range day to produce a small green doji sees both hourly Elliott wave counts remain valid. Price is squeezed between two trend lines. Summary: The possibility of new highs will remain while price remains above the support line / lower edge of the Elliott...

S&P 500 Elliott Wave Technical Analysis – 8th February, 2016

End of week analysis expected Monday to see strong downwards movement. This is exactly what happened. Summary: The trend is down and a strong third wave is building. Expect surprises to be to the downside. A small quick second wave correction may move price a little...

S&P 500 Elliott Wave Technical Analysis – 12th October, 2015

A breach of the channel on the hourly chart may be taken as confirmation a correction has begun. Analysis this week will focus on identifying when the correction may be over. Summary: All three wave counts expect a sideways / downwards correction to develop from here...

S&P 500 Elliott Wave Technical Analysis – 27th August, 2015

The Dead Cat Bounce continues and remains below the invalidation point. I have two hourly charts for you today. Summary: A Dead Cat Bounce is most likely still unfolding and may end tomorrow. If the Dead Cat Bounce is a fourth wave, then it may end about 1,996, but if...

S&P 500 Elliott Wave Technical Analysis – 21st August, 2015

Yesterday’s analysis expected more downwards movement to a target at 2,002. The direction was right, but the target was inadequate. Summary: This third wave is not yet done. A target for it to end is now recalculated at 1,940. When this third wave is done the...