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...

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

Downwards movement was again expected for Wednesday. Summary: Short term this downwards movement may end tomorrow about 1,986 – 1,984. The next wave up is either a five wave structure for a C wave, or a B wave at three degrees. If the next wave up is a three,...