S&P 500 Elliott Wave Technical Analysis – 16th December, 2015

An upwards day was not expected. Price breached the near by invalidation point on the hourly chart. Summary: A downwards trend is still expected to be in place while price remains below 2,093.84. The middle of a big third wave down is still expected to begin sooner...

S&P 500 Elliott Wave Technical Analysis – 24th August, 2015

A small bounce completed a small fourth wave correction while price moved lower. The wave count is unfolding mostly as expected, but targets continue to be inadequate. Summary: A target for this third wave to end is at 1,840 which may be met tomorrow. The following...

S&P 500 Elliott Wave Technical Analysis – 12th August, 2015

Upwards movement was expected for Wednesday, but did not happen. Summary: The first wave count now expects downwards movement to continue for a third wave to end at 2,002. Before this gets underway though, there is the very real possibility that a second wave...

S&P 500 Elliott Wave Technical Analysis – 6th August, 2015

A little upwards movement was expected, but did not happen. Summary: For the short term, both wave counts expect downwards movement to 2,070 – 2,069 to be followed by upwards movement to at least above 2,114.24. How high the next wave goes may tell which wave...

S&P 500 Elliott Wave Technical Analysis – 30th July, 2015

A sideways day which did not manage to make a new high fits both Elliott wave counts. Summary: A new low now below 2,063.52 would be earliest price confirmation that upwards movement is over, and downwards momentum may then be expected to build. A new high above...