S&P 500 Elliott Wave Technical Analysis – 27th April, 2015

Overall upwards movement was expected. Summary: The target for the main wave count is now at 2,187. The target for the more bullish alternate is first at 2,571. On the way up a new high above 2,253.79 would indicate the bull market should continue for longer, maybe...

S&P 500 Elliott Wave Technical Analysis – 21st April, 2015

Yesterday’s hourly chart expected Tuesday to begin with a little upwards movement to find resistance at the pink trend line, and thereafter it expected price to turn down. This is exactly what happened. Summary: The mid term target remains at 2,000 and may be...

S&P 500 Elliott Wave Technical Analysis – 15th April, 2015

Upwards movement invalidated the main hourly Elliott wave count, but fits the alternate. Summary: The S&P remains within a consolidation phase. I still expect the breakout, when it comes, should be downwards. I expect downwards movement to 2,000, but the upwards...

S&P 500 Elliott Wave Technical Analysis – 11th February, 2015

Upwards movement was expected for Wednesday for both Elliott wave counts. Summary: The upwards trend should continue tomorrow. The short term target is either 2,098 (main wave count) or 2,133 (alternate wave count). I expect to see an increase in upwards momentum over...

S&P 500 Elliott Wave Technical Analysis – 8th January, 2015

Impulsive upwards movement was expected within minuette wave (iii) and the upwards trend has most likely resumed. Summary: The overall theme for today is that direction is still up. Upwards momentum should increase over the next few days and price must make new highs...

S&P 500 Elliott Wave Technical Analysis – 6th January, 2015

Downwards movement was not expected, but with no confirmation that the upwards trend had resumed it was allowed for. Summary: A little more downwards movement to 1,989 may complete this correction. A breach of the channel on the hourly chart is still required before...

S&P 500 Elliott Wave Technical Analysis – 16th December, 2014

This downwards movement was expected to extend further, but it was interrupted by a quick upwards movement that invalidated the hourly Elliott wave count before downtrend resumption. Summary: The short term target is at 1,958, and should be met in the next 24 hours....