S&P 500 Elliott Wave Technical Analysis – 13th January, 2016

A new low below 1,901.10 confirmed a third wave down was unfolding. Thereafter, price continued lower. Summary: The trend is definitely down. The middle of a huge third wave is close and has not yet passed. The new target is 1,655. The invalidation point is relatively...

S&P 500 Elliott Wave Technical Analysis – 5th October, 2015

More upwards movement was expected for Monday. Price reached well above the target. Summary: I’ve taken a big step back today to look at the bigger picture, resulting in a changed wave count. I am still confident the S&P remains in a bear market because of...

S&P 500 Elliott Wave Technical Analysis – 3rd June, 2015

Sideways movement was exactly what was expected for Wednesday’s session. The Elliott wave count remains the same. Summary: Sideways movement should continue tomorrow to complete a triangle, with a small downwards movement to most likely fall short of the lower...

S&P 500 Elliott Wave Technical Analysis – 1st May, 2015

Upwards movement was unexpected for Friday and invalidated the hourly Elliott wave count. Summary: Both bull and bear wave counts expect an ending contracting diagonal is close to completion. I have three hourly charts: two which see minute wave iv incomplete and one...

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...