S&P 500 Elliott Wave Technical Analysis – 4th October, 2017

The short term target for upwards movement was 2,540 to 2,541 on the hourly chart. Price moved up to sit right within this small one point zone, to 2,540.53. Summary: Another day with divergence from VIX and now divergence with the AD line is bearish for the short...

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 – 25th May, 2017

A new all time high at the open gap up invalidated the alternate Elliott wave count providing confidence in the main Elliott wave count. The target remains the same. Summary: The target is at 2,440 (Elliott wave target) in the first instance, and may be as high as...

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...