Price continues to move higher as expected.
VIX may be sounding an early warning sign of the next pullback or consolidation, but the Elliott wave structure is incomplete and the small 2 point target zone has not yet been met.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – December 23, 2019
A breach of a small short-term channel early on Friday indicated a small correction had begun. The Elliott wave count at that stage expected a small short-term pullback to continue.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – November 29, 2019
A little more downwards movement has unfolded as expected.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – November 6, 2019
The Elliott wave count is unchanged.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – October 14, 2019
Upwards movement resumed as expected for the session.
Two Elliott wave counts are published at the daily chart level. The price point which differentiates them is the all time high.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – September 19, 2019
A very small range inside day leaves all Elliott wave counts unchanged.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – August 26, 2019
Despite a bullish move from the AD line yesterday, price has moved strongly lower. The short to mid-term picture is adjusted with new data, but the longer-term picture remains the same. Today the AD line indicates how much more downwards movement may be in store.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – July 31, 2019
A very small range inside day breaches the lower edge of a channel that had previously contained all pullbacks. The short-term Elliott wave count is today changed.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – July 8, 2019
A consolidation or pullback was expected to continue and to be relatively brief and shallow. A small range downwards day fits this expectation.
Continue reading S&P 500: Elliott Wave and Technical Analysis | Charts – June 12, 2019