S&P 500 Elliott Wave Technical Analysis – 13th November, 2015

Downwards movement was expected and ended at an expected line of support. Summary: The trend is down. The alternate which allowed for more upwards movement has been invalidated. This may be a big third wave at intermediate degree unfolding, so expect any surprises to...

S&P 500 Elliott Wave Technical Analysis – 4th November, 2015

The channel on the hourly chart is breached. Summary: Upwards movement is more likely now to be over. A new low below 2,058.84 would add full confidence that a new wave down has begun. If price moves to a new high tomorrow, the target for upwards movement to end is at...

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

Upwards movement continued which favours the bear Elliott wave count short term. The correction may be almost over and now a target may be calculated for it in which I have more confidence. Summary: A zigzag upwards may be almost complete. A target for it to end is at...

S&P 500 Elliott Wave Technical Analysis – 18th August, 2015

Downwards movement was expected for the first Elliott wave count. Summary: The first wave count should see strong downwards movement this week towards the target at 2,002. The second wave count expects upwards movement to continue, but this is not currently supported...

S&P 500 Elliott Wave Technical Analysis – 15th July, 2015

Wednesday completed a small red candlestick after moving a little higher. Downwards movement has clearly breached the channel on the hourly chart. Summary: A third wave within a third wave down should begin from here to 1,995 or 1,922. Changes to last analysis are...

S&P 500 Elliott Wave Technical Analysis – 26th June, 2015

Upwards movement was expected for Friday, but this did not happen. However, the lower trend line on the hourly Elliott wave chart did work perfectly to show where downwards movement found support. Summary: The trend line on the hourly chart needs to be breached before...