S&P 500 Elliott Wave Technical Analysis – 18th February, 2015

Upwards movement was expected. Price moved sideways in a small range. Summary: I expect more upwards movement to 2,133. This may end in three days. Click charts to enlarge. Bullish Wave Count Upwards movement from the low at 666.79 subdivides as an incomplete 5-3-5....

S&P 500 Elliott Wave Technical Analysis – 4th February, 2015

A small correction was expected for the short term. This is exactly what happened. Summary: The trend is upwards and the breakout from this consolidation phase should come within the next one to three days. A third or C wave up may begin tomorrow. Alternatively, a...

S&P 500 Elliott Wave Technical Analysis – 29th January, 2015

Price has still not confirmed either Elliott wave count, and they both remain valid. Summary: The main wave count expects downwards movement to a target at 1,955. This would be confirmed with a new low below 1,988.12. The alternate must see upwards movement from here,...

S&P 500 Elliott Wave Technical Analysis – 22nd January, 2015

Upwards movement was expected for Thursday’s session. The Elliott wave counts remain the same. Summary: More upwards movement is required in the short term. A new high above 2,124 would see the main bull wave count discarded in favour of the alternate. Click on...

S&P 500 Elliott Wave Technical Analysis – 14th January, 2015

The main Elliott wave count expected the S&P 500 to continue moving towards the downside. Even though the S&P 500 unfolded towards the downside, the downwards movement was longer than the main count expected and in the process the downwards movement...

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 – 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...