S&P 500 Elliott Wave Technical Analysis – 6th February, 2013

Last analysis expected more upwards movement. Price has moved mostly sideways in a very small range. The daily chart is the same today. I have two hourly wave counts for you: the main is the same as yesterday and the alternate is the idea I outlined yesterday now...

S&P 500 Elliott Wave Technical Analysis – 1st February, 2013

Last analysis expected more upwards movement from the S&P 500 towards a target at 1,518 to 1,519. Price has risen during Friday’s session as expected, and the target is not yet met. The structure on the hourly chart looks very typical and price remains well...

S&P 500 Elliott Wave Technical Analysis – 31st January, 2013

The main wave count from last analysis expected more upwards movement for the session (after a small dip down) while the alternate expected downwards movement. At this stage it is too early to decide which wave count is correct and so we should assume the trend...

S&P 500 Elliott Wave Technical Analysis – 30th January, 2013

Last analysis expected more upwards movement from the S&P 500 for Wednesday’s session. Price has moved lower but remains within the allowable limit, above the invalidation point on the hourly chart. The wave count remains the same. I have an alternate...

S&P 500 Elliott Wave Technical Analysis – 29th January, 2013

Analysis of Monday’s session expected more upwards movement from the S&P 500 for Tuesday’s session, which is what we have seen. Price is moving closer to the target on the hourly chart. The daily wave count and hourly wave counts remain mostly the...

S&P 500 Elliott Wave Technical Analysis – 28th January, 2013

Last analysis expected a little more upwards movement before a small sideways correction to a short term target at 1,509. Price has moved sideways and slightly lower without reaching the target. The wave count remains the same at the daily chart level, and mostly the...