S&P 500 Elliott Wave Technical Analysis – 27th June, 2017

A new low below 2,422.88 has invalidated the main Elliott wave count and confirmed the alternate. Yesterday’s bearish divergence between price and the AD line and VIX did warn of a possible breakdown. Summary: Expect now a multi week to multi month pullback has...

S&P 500 Elliott Wave Technical Analysis – 12th May, 2017

A small inside day leaves the analysis mostly the same. The strong floor of support about 2,377 continues to hold. Summary: Support should hold and next week should see new all time highs. The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains...

S&P 500 Elliott Wave Technical Analysis – 4th April, 2017

Upwards movement was expected for Tuesday’s session. The session completed a green daily candlestick, but it was an inside day with no new high. Summary: A little downwards movement may unfold for one to three sessions. Price should remain above 2,322.25. If...

S&P 500 Elliott Wave Technical Analysis – 11th January, 2017

Although today’s daily candlestick closed green, it made a lower high and a lower low (which is the definition of downwards movement). This was expected for the Elliott wave count. The short term resistance line on the hourly chart neatly showed where upwards...