DJIA Elliott Wave Technical Analysis – 5th October, 2012

The main hourly wave count for last analysis expected price to move higher during last week, which is what happened. Both the first and second daily wave counts remain the same and have the same mid term target. I have just one hourly wave count for you this week. The...

S&P 500 Elliott Wave Technical Analysis – 25th September, 2012

Yesterday’s analysis had three hourly wave counts. Movement below 1,452.06 invalidated two of the wave counts. The wave count which is correct expected downwards movement to find support at the lower edge of the parallel channel which is where downwards movement...

S&P 500 Elliott Wave Technical Analysis – 20th September, 2012

Last analysis expected the S&P 500 to move lower during Thursday’s session towards a short term target at 1,447. Price has moved lower as expected reaching 3.58 points short of the target and ending exactly on the lower edge of the parallel channel on the...

S&P 500 Elliott Wave Technical Analysis – 18th September, 2012

I still have the same two monthly wave counts running alongside each other, with about equal probability at this stage. The historical analysis has been updated and you can see monthly charts here. With more sideways and slightly lower movement yesterday I have...

S&P 500 Elliott Wave Technical Analysis – 13th September, 2012

Last analysis had two target zones. Price has reached just above the upper edge of the higher second target zone which was 1,451 – 1,459. At this stage a careful analysis of the structure which has unfolded so far should be able to tell us if this trend is over...

S&P 500 Elliott Wave Technical Analysis – 12th September, 2012

Analysis for Tuesday 11th September expected the S&P 500 to continue to rise to new highs. A new high was made yesterday on the 12th as expected. I have still the one daily wave count for you today plus three hourly alternate wave counts. The hourly wave counts...

S&P 500 Elliott Wave Technical Analysis – 10th September, 2012

Price moved very slightly higher to begin Monday’s session, before turning lower. This is exactly what the last analysis expected, and upwards movement has fallen 2.26 points short of the narrow target zone. So far the main wave count is explaining price action...