S&P 500 Elliott Wave Technical Analysis – 15th May, 2017

New all time highs were expected for this week and that is exactly what has happened this Monday. Summary: The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains extreme, so extreme caution is still advised. If price closes the gap by moving...

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

Again, upwards movement was expected. The session closed green although it completed with a lower low and a lower high, the definition of downwards movement. Price remains range bound between resistance at about 2,370 and support at about 2,340. The breakout will...

S&P 500 Elliott Wave Technical Analysis – 1st March, 2017

A new high above 2,367.79 confirmed the alternate hourly wave count, which expected more upwards movement with an increase in momentum to a target at 2,397. The high for the day was 2,400.98. Summary: The picture is very bullish. Volume supports the strong upwards...

S&P 500 Elliott Wave Technical Analysis – 14th July, 2016

The main Elliott wave count from yesterday’s analysis expected price to move higher. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price remains within the channel on the hourly chart, and...

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

Another small range day moved price lower, which the main Elliott wave count expected, but today classic technical analysis strongly suggests the price direction for tomorrow and so a new hourly chart is published today. Summary: VIX today strongly suggests higher...

S&P 500 Elliott Wave Technical Analysis – 3rd June, 2016

Downwards movement was expected. Price made a lower high and a lower low for the session. Summary: Downwards movement is still expected for next week; a first wave down is unfolding. The mid term target at 1,916 may be met in another 20 sessions. The long term target...

S&P 500 Elliott Wave Technical Analysis – 16th May, 2016

Upwards movement was expected from the main hourly Elliott wave count, which is what happened. Summary: The hourly wave counts are swapped over today. The new main count expects downwards movement to accelerate this week, with a short term target at 1,988 and a long...

S&P 500 Elliott Wave Technical Analysis – 27th April, 2016

Another small range day for another doji, now four in a row. The squeeze on price should be over very shortly. Summary: The possibility of new highs will remain while price remains above 2,039.74. A breach of the support line at the daily chart level would indicate a...

S&P 500 Elliott Wave Technical Analysis – 7th March, 2016

A small inside day fits both Elliott wave counts. Summary: Confirmation that the correction is over is required with a new low below 1,962.96. Upwards movement may continue while price remains above this point. A low below 1,962.96 by any amount at any time frame...