S&P 500 Elliott Wave Technical Analysis – 6th November, 2017

Last analysis expected more upwards movement to begin the new trading week, which is what has happened. The Elliott wave target is just one point off a target using the measured rule and a reliable continuation pattern. Summary: The Elliott wave target is at 2,616 and...

S&P 500 Elliott Wave Technical Analysis – 31st October, 2017

A very small range inside day changes the very short term picture only slightly. The Elliott wave targets remain the same and can today be supplemented by a classic analysis target using a reliable short term pattern. Summary: The Elliott wave target is at 2,616 and a...

S&P 500 Elliott Wave Technical Analysis – 23rd October, 2017

A strong Bearish Engulfing candlestick pattern is a strong warning of a trend change. Summary: A fourth wave may have arrived. Reasonable confidence may be had in this view if price makes a new low below 2,457.92. The fourth wave may be relatively brief and shallow as...

S&P 500 Elliott Wave Technical Analysis – 9th October, 2017

A breach of the small channel indicated the alternate hourly Elliott wave count should be used. Thereafter, downwards movement was expected. The candlestick has closed red today. Summary: A pullback or consolidation has most likely begun. It may be shallow, choppy,...