S&P 500 Elliott Wave Technical Analysis – 20th June, 2017

A pullback was expected and support is holding. Price remains above the invalidation point. Summary: Assume the trend remains the same, upwards, until proven otherwise. This looks like an upwards breakout now followed by a pullback. Stops for long positions may be set...

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

A strong whipsaw moved below the short term invalidation point on the hourly Elliott wave count. However, downwards movement was quickly retraced and today’s candlestick looks very bullish. Summary: There is enough bullishness in the daily technical analysis to...

S&P 500 Elliott Wave Technical Analysis – 9th May, 2017

Upwards movement continues with a new all time high. Downwards movement at the end of this session remains above stops on long positions. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should...

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

Monday was expected to begin with a little downwards movement to either 2,358 or 2,354. Price did move lower, but it reached down to 2,344.73 before bouncing strongly higher. Summary: The main Elliott wave count expects an upwards breakout that may happen sooner...

S&P 500 Elliott Wave Technical Analysis – 31st March, 2017

A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation. Summary: The main Elliott wave count expects a little more downwards movement on Monday to either 2,358 or 2,354. If using this small pullback to enter the longer...

S&P 500 Elliott Wave Technical Analysis – 14th March, 2017

A small downwards day was not expected for the short term, but overall the wave count remains the same. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another five days and possibly a few weeks longer. Target zones are either...

S&P 500 Elliott Wave Technical Analysis – 13th March, 2017

Price has moved sideways in a small range for Monday’s session. This fits the hourly Elliott wave count and the alternate daily Elliott wave count best. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another five days and...