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 – 8th June, 2017

Price has moved higher as last analysis expected. The Elliott wave target remains the same. Summary: While price remains above 2,418.71, then expect it is more likely that this downwards movement is a smaller pullback within an ongoing upwards trend. The target is now...

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 – 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...

S&P 500 Elliott Wave Technical Analysis – 13th July, 2016

Again, the two daily Elliott wave counts today are judged to have about an even probability. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price remains within the channel on the hourly chart, and...

S&P 500 Elliott Wave Technical Analysis – 21st June, 2016

A small inside day remains below the invalidation point on both Elliott Wave hourly charts. Summary: A correction was still most likely over at the last high two days ago. A short term target for the next wave down is 1,987. Trading advice (not intended for more...

S&P 500 Elliott Wave Technical Analysis – 2nd June, 2016

Upwards movement invalidated the main hourly Elliott wave count and confirmed the alternate, which was judged to have a very low (5%) probability. Summary: Divergence with price and VIX (inverted) supports a high in place today or very soon tomorrow. A third wave down...

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...