by Lara | Nov 17, 2016 | FOREX, NZDUSD
Another possible opportunity may be coming up in another week or two for the NZDUSD pair, so it will be watched closely. Cross posted from Elliott Wave Gold. Summary: The larger trend still looks down. The Elliott wave long term target is still 0.49809, but that is...
by Lara | Nov 16, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected downwards movement. Price has moved sideways, to complete a small doji candlestick, and remains below the invalidation point on the Elliott wave count. Summary: A correction down to about 2,120 and the lilac trend line is still...
by Lara | Nov 15, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected downwards movement, but this is not what happened. Price stopped barely short of the invalidation point. Summary: A correction down to about 2,120 and the lilac trend line is still expected this week. Use this as an opportunity to...
by Lara | Nov 14, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick fits the Elliott wave count nicely. The target may be met tomorrow. Summary: A correction down to about 2,120 and the lilac trend line is expected this week. Use this as an opportunity to join the trend for a third wave up. Volume strongly...
by Lara | Nov 12, 2016 | S&P 500, S&P 500 + DJIA |
An inside day began with downwards movement, as expected, but the target was not reached. Summary: A correction down to about 2,120 and the lilac trend line is expected next week. Use this as an opportunity to join the trend for a third wave up. Volume strongly...
by Lara | Nov 10, 2016 | S&P 500, S&P 500 + DJIA |
A red long legged doji for today’s session indicates indecision, a balance between bulls and bears. This mostly fits expectations; this session was expected to produce a small red daily candlestick. Summary: Tomorrow may begin with some downwards movement to a...
by Lara | Nov 9, 2016 | S&P 500, S&P 500 + DJIA |
A new high above 2,154.79 adds confidence to the main Elliott wave count. A new alternate is presented today, but it has a very low probability. Dow Theory today provides important confirmation. Summary: Classic analysis favours a bullish Elliott wave count. The new...
by Lara | Nov 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement to a short term target at 2,139.50 was expected. Upwards movement did unfold, but reached 7.37 points above the target. Summary: Volume does not support this upwards movement, and there is some regular bearish divergence between price and the AD line...
by Lara | Nov 7, 2016 | S&P 500, S&P 500 + DJIA |
A little more downwards movement was expected to 2,076. The downwards trend was judged to be weak on Friday. Monday has seen a very strong upwards day, with no new low at the beginning of the session. Summary: The short term target is at 2,139.50 for tomorrow....