S&P 500 Elliott Wave Technical Analysis – 18th December, 2014

The main Elliott wave count expected upwards movement. A new high above 2,034.17 confirmed the main Elliott wave count and invalidated the alternate. The bull market is intact. Summary: The mid term target is at 2,132. This may be met in 11 or 19 days time. Click on...

S&P 500 Elliott Wave Technical Analysis – 18th November, 2014

Upwards movement has confirmed the main hourly Elliott wave count and invalidated the alternate. The second target was reached and passed by 1.08 point. Summary: The structure is again incomplete. I expect price to keep rising. The next likely target is at 2,079....

S&P 500 Elliott Wave Technical Analysis – 11th November, 2014

A green candlestick was expected for Tuesday, which is what happened. Summary: The target for upwards movement to end is 2,049. This may be met in one to two days. Click on charts to enlarge. Bull Wave Count I will favour neither the bull or bear wave count. Both are...

S&P 500 Elliott Wave Technical Analysis – 5th September, 2014

Friday began with a little downwards movement which breached the first invalidation point on the hourly Elliott wave chart. Thereafter, price turned upwards. The target is altered and now has a better probability. Summary: The target is now at 2,025 – 2,030. I...

S&P 500 Elliott Wave Technical Analysis – 3rd June, 2014

Price remains above the invalidation point and within the small channel on the hourly chart. Summary: Upwards movement is incomplete. The target is at 1,939 to 1,940 and this is now one to four more days away. Upwards movement is most likely to end when the upper...

S&P 500 Elliott Wave Technical Analysis – 24th 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 still expect a five wave structure downwards to end at the lower of the two aqua blue trend lines. The new high is unconfirmed...