S&P 500 Elliott Wave Technical Analysis – 8th January, 2018

A small shallow correction was expected to end and be followed by upwards movement. This is what happened. Targets remain the same at this time. Summary: The weight of evidence today is overly bullish. Corrections are an opportunity to join the trend. The target for a...

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

Last Elliott wave analysis expected downwards movement for the short term. This is not what happened, but upwards movement remains below the invalidation point and within the base channel. Summary: Expect now a multi week to multi month pullback has begun. The target...

S&P 500 Elliott Wave Technical Analysis – 18th May, 2017

A bounce was expected for Thursday’s session and this is exactly what happened. Summary: This upwards bounce may be a counter trend bounce. If price makes a new low below 2,344.51 tomorrow, then the wave count would see either intermediate wave 4 or primary wave...

S&P 500 Elliott Wave Technical Analysis – 2nd May, 2017

Price remains range bound. Another small doji completes an inside day. The Elliott wave counts remain mostly the same with a small change for the main hourly chart. Summary: This small consolidation may present an opportunity to join the upwards trend. Stops may be...

S&P 500 Elliott Wave Technical Analysis – 24th March, 2017

A little downwards movement to below 2,340.51 but not below 2,336.45 was expected during Friday’s session. Price did move lower, but it made a slight new low below 2,336.45, which was not expected. Summary: Volatility declined and market breadth improved while...

S&P 500 Elliott Wave Technical Analysis – 18th July, 2016

A short term pullback was expected. Price has not moved lower, but moved higher in a small inside day. Summary: In the very short term, a small pullback to about 2,147 or 2,133 is still expected. If this expectation is wrong, it will be in that these targets are too...

S&P 500 Elliott Wave Technical Analysis – 27th June, 2016

A bounce was expected short term for Monday / Tuesday but did not turn up on Monday. The mid term target at 2,000 was met and exceeded by 8.32 points. Summary: In the short term, it looks very likely today (more so than the end of last week) that a multi day bounce...