S&P 500 Elliott Wave Technical Analysis – 5th August, 2016

Last Elliott wave analysis concluded that upwards movement was most likely. This is what happened for Friday. Upwards movement was confirmed early in the session with a new high above 2,178.29. Summary: The upwards trend is continuing after a sideways consolidation,...

S&P 500 Elliott Wave Technical Analysis – 12th April, 2016

Upwards movement was expected. Classic technical analysis changes the Elliott wave count at the hourly chart level. Summary: This is still a bear market rally until proven otherwise. A final fifth wave up is required to complete the structure. A new high reasonably...

S&P 500 Elliott Wave Technical Analysis – 23rd March, 2016

Downwards movement to about 2,035 was expected for Wednesday. Price moved lower to reach 2,034.86. Summary: This is still a bear market rally until proven otherwise. Today’s downwards day may have been day one of minor wave 4 which may continue lower / sideways...

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

Upwards movement was expected from the main Elliott wave count. Friday ended with a red candlestick, but price continues to find strong support at the two trend lines and remains above the invalidation points. Summary: The main wave count requires upwards movement on...

S&P 500 Elliott Wave Technical Analysis – 7th January, 2015

A little more downwards movement was expected before a resumption of the upwards trend, but a breach of the channel on the hourly chart indicated that downwards movement was over. Note: Nady Laymoud takes over presentation of the analysis tomorrow until 22nd January,...