S&P 500 Elliott Wave Technical Analysis – 22nd January, 2016

A new high above 1,901.10 invalidated the main hourly Elliott wave count and confirmed the alternate. Summary: A deeper and longer bounce is in the early stages. It may end about 1,915 or 1,978. It should continue next week. The larger trend remains down. To see how...

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

Downwards movement was expected but did not happen. The channel breach in the first hour of Friday’s session indicated a second wave correction had most likely arrived earlier than expected. Summary: A third wave down may begin on Monday. The short term target...

S&P 500 Elliott Wave Technical Analysis – 2nd November, 2015

Downwards movement was expected, but this was not what happened. Price moved higher and remains below the invalidation point for the bear wave count. Summary: The target is again 2,107 for upwards movement to end. Only when the channel on the hourly chart is clearly...

S&P 500 Elliott Wave Technical Analysis – 23rd October, 2015

The target for upwards movement was 2,065 or 2,080. Price moved higher as expected for Friday to reach 2,079.74. Summary: A little more upwards movement to 2,082 would complete the structure. A fourth wave correction may unfold sideways first, and so the target may be...