Elliott Wave S&P500 - Example

Elliott Wave SP500

Elliott Wave SP500 Intraday Chart

Elliott Wave S&P 500 Futures
Saturday, 5 November 2011 at 1:35:00AM AEST

Elliott Wave SP500 Futures are reversing lower, and we already see first signs of completed right shoulder, or wave 2 as labeled on the chart, which reversed from the left shoulder area, 61.8% and red resistance line as well. As such, further weakness is definitely expected! Meanwhile dollar is recovering against the majors, still not so significantly but moves however look promising!

  Elliott Wave Chart S&P500

Elliott Wave SP500 1Hourly

Elliott Wave S&P500 1 Hour Chart
Tuesday, 27 September 2011 at 5:00:00PM AEST

-weakness in view

Elliott Wave S&P500 moved quite nicely higher, from the lower support line of a current trading channel. However, this still does not impact our larger bearish outlook, as we believe that current bounce still could be minor corrective rally labelled as a wave 2, part of a bearish sequence.
but before this outlook can be confirmed, we of course need to see some evidences of a reversal and wave 2 top. Break through 1113 will definitely be a key for further weakens, well below 1100 mark!

 Elliott Wave Chart S&P500

Elliott Wave SP500 Daily Chart

06 Nvember 2011Elliott Wave S&P Daily

-corrective recovery finished at 1292?!

Elliott Wave S&P500 extended gains two weeks back right into the 78.6% retracement area of a wave one distance, from where price reversed significantly in this past week. We had two strong down days, followed by relatively slow bounce in the past three days, which supports the idea that wave two is complete and that market is going lower.

If we are correct, then of-course in the next few days we also want to see a break through 1212 and more importantly, through red wave B) extreme!

Bearish outlook for stocks support the bullish idea for the US dollar.

 
Elliott Wave SP500 Weekly Chart

5 August 2011 Elliott Wave S&P Weekly

-recovery from 2008 is corrective, and already complete!?

Elliott Wave SP500 moved significantly lower this week, and fell bellow an importnat critical region at 1249 (March lows). We are looking at the weekly chart, and current break through the lowest support line of a corrective channel should be a very strong indication for a completion of a wave B)/II) around 1370. In such case prices should move significantly lower in days and weeks ahead.

*Weekly close price should be very important!

Elliott Wave Chart S&P500