S&P 500 Elliott Wave Technical Analysis – 28th June, 2017

A downwards day was expected for Wednesday, but this did not happen. Upwards movement invalidated the hourly Elliott wave count. Summary: Expect now a multi week to multi month pullback has begun. The target zone for it to end is about 2,400 to 2,322. Expect downwards...

S&P 500 Elliott Wave Technical Analysis – 24th August, 2016

Downwards movement invalidated the hourly Elliott wave count when price crossed the near by invalidation point. The daily Elliott wave count remains valid. Summary: A new high above 2,193.42 would indicate a third wave up is underway, target 2,230. A new alternate...

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

A little upwards movement was expected before downwards movement, but this is not what happened. Price moved lower earlier than expected. Summary: The wave counts diverge strongly today. The main wave count requires confirmation with a new high above 2,178.29; if that...

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

Upwards movement was expected and how the session began. Thereafter, downwards movement remained above the invalidation point on the hourly chart. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the...