S&P 500 Elliott Wave Technical Analysis – 18th April, 2017

Price has moved sideways to complete an inside day and close as a doji. Summary: A new alternate expects sideways movement for possibly up to another 22 sessions. If price remains above 2,327.58, this possibility will remain valid. The main wave count still expects a...

S&P 500 Elliott Wave Technical Analysis – 11th April, 2017

Price is still range bound, testing support at today’s low. The breakout will come, and the longer price coils within this range the more violent the breakout may be. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards...

S&P 500 Elliott Wave Technical Analysis – 20th July, 2016

In the very short term, sideways movement was expected for one or two sessions before the upwards trend resumed, but this did not happen. Price has moved higher. Summary: The trend is up and there is some small support today from volume. The target for a third wave to...

S&P 500 Elliott Wave Technical Analysis – 29th June, 2016

Upwards movement broke above 2,050.37 indicating price should continue higher to 2,067. Upwards movement reached 2,073.13 for the session. Summary: In the short term, a correction looks to be complete. A third wave down should begin very soon, most likely tomorrow....

S&P 500 Elliott Wave Technical Analysis – 9th June, 2016

Downwards movement did materialise as expected but not by much. Confirmation points have not been breached and price remains within the channel on the hourly chart. Summary: Price is persistently weak but no trend change is yet indicated. Earliest confidence in a...

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

Downwards movement was expected from both hourly Elliott wave counts. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and it is supported by technical analysis), the target...

S&P 500 Elliott Wave Technical Analysis – 20th February, 2015

Again, upwards movement was expected. The target remains the same. Summary: I expect more upwards movement to 2,133. This may end on Monday, but it looks now like it may need a little longer to get there and may end on Tuesday. Click charts to enlarge. Bullish Wave...