S&P 500 Elliott Wave Technical Analysis – 19th May, 2016

More downwards movement was expected for Thursday’s session, which is what happened. Summary: The main wave count expects to see downwards movement accelerate in the next week or so as a third wave unfolds. The first short term target is at 1,988. The long term...

S&P 500 Elliott Wave Technical Analysis – 10th March, 2016

Downwards movement was expected from the main Elliott wave count. Summary: Earliest confirmation that the correction is over has come with a clear breach of the channel containing it and now a new low below 1,974.08. Final price confirmation would come with a new low...

S&P 500 Elliott Wave Technical Analysis – 30th December, 2014

Downwards movement invalidated yesterday’s hourly Elliott wave count. The structure is incomplete though, and the target should still be met. Summary: The mid term target is now widened to a zone at 2,132 – 2,138. This may be met now in another 4 or 12...

S&P 500 Elliott Wave Technical Analysis – 27th October, 2014

A little more upwards movement was expected, but price is moving sideways. Summary: A fourth or B wave triangle is almost complete. One final upwards wave should follow to either 1,975 or 2,012. The lower target looks more likely as the upper aqua blue line looks like...

S&P 500 Elliott Wave Technical Analysis – 10th October, 2014

I had expected only a little downwards movement to 1,918. Price has moved comfortably below that target. Summary: If the bull wave count is correct then intermediate wave (2) must be nearing completion. The target is 1,884. If the bear wave count is correct then a...

S&P 500 Elliott Wave Technical Analysis – 25th September, 2014

Movement below 1,978.63 invalidated the main hourly wave count and confirmed the first alternate. The target then was at 1,968. Price reached down to 1,966.56. Summary: The structure is incomplete. I expect more downwards movement to a target at 1,953. Price should...

S&P 500 Elliott Wave Technical Analysis – 18th September, 2014

Upwards movement invalidated the hourly wave count. Summary: I expect a slight new high to 2,013 to begin tomorrow’s session. Thereafter, tomorrow should see more downwards movement and a red candlestick. This may be either wave C of a flat correction or wave C...