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 – 21st April, 2017

Price continues to move sideways. A large symmetrical triangle may be forming. Summary: Sideways movement is expected to continue for maybe as long as another 19 sessions. Thereafter, the upwards trend should resume towards the final target at 2,500. New updates to...

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...

S&P 500 Elliott Wave Technical Analysis – 6th February, 2017

Upwards movement was expected to begin the week, but this is not what happened. Price remains above the invalidation point on the main Elliott wave count. Summary: It is increasingly likely that the next wave up has begun. This would be confirmed with a new all time...

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

Upwards movement was expected for the main Elliott wave count and this is what happened. The alternate Elliott wave count is just hanging on by a couple of points. Summary: It is increasingly likely that the next wave up has begun. This would be confirmed with a new...