S&P 500 Elliott Wave Technical Analysis – 24th October, 2017

A small doji after the Bearish Engulfing Candlestick pattern completes a Bearish Harami Cross. Summary: A new wave count today will assume the trend remains the same while price remains above 2,457.92. It is published as a second alternate. If price makes a new all...

S&P 500 Elliott Wave Technical Analysis – 2nd October, 2017

Price continues higher as expected, well exceeding the last Elliott wave target and a classic analysis target using the measured rule. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next short term target is...

S&P 500 Elliott Wave Technical Analysis – 7th August, 2017

A small diamond pattern may be forming. This supports the Elliott wave count. Summary: It looks likely now that primary wave 3 may be over and primary wave 4 may be in its very early stages. Some confidence in this view may be had if price makes a new low below...

S&P 500 Elliott Wave Technical Analysis – 4th August, 2017

A small doji at the weekly chart level now puts the trend from up to neutral, at least for the short term. Summary: Assume the trend remains up while price remains above 2,459.93. The Elliott wave target is now at 2,497, and a classic technical analysis target is at...

S&P 500 Elliott Wave Technical Analysis – 3rd August, 2017

Another small inside day now gives the current consolidation a more typical look. A pennant may be forming. Summary: Assume the trend remains up while price remains above 2,459.93. The Elliott wave target is now at 2,494, and a classic technical analysis target is at...