by Lara | Sep 28, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expects more upwards movement, and it has strong support from classic technical analysis, particularly a very bullish On Balance Volume and rising market breadth. Summary: On Balance Volume and the AD line remain very bullish, supporting...
by Lara | Sep 23, 2017 | S&P 500, S&P 500 + DJIA |
It was expected that the downside for price was limited. A very slight new low for the session perfectly fits this expectation. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next target is now at 2,526 to...
by Lara | Sep 21, 2017 | S&P 500, S&P 500 + DJIA |
An inside day remains above the invalidation point on the hourly Elliott wave chart. Summary: Classic technical analysis remains very bullish for the mid term. The next target is now at 2,526 to 2,533. It may be met in another 5 sessions. In the short term, price is...
by Lara | Sep 20, 2017 | S&P 500, S&P 500 + DJIA |
Another new high was expected, but the sharp pullback during Wednesday’s session was not expected. Price remains well above the invalidation point on the hourly Elliott wave count. On Balance Volume and the AD line give strong clues today as to what to expect...
by Lara | Sep 18, 2017 | S&P 500, S&P 500 + DJIA |
Last end of week analysis warned that On Balance Volume supported the alternate Elliott wave count and a target for more upwards movement was given. Price has moved higher as that wave count expected and the On Balance Volume signal is now clear and strong. Summary:...
by Lara | Sep 6, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue to about 2,467. Price reached to 2.64 points above this target. Summary: With the last wave up now looking very much like a three, have some confidence that primary wave 4 is underway. Look for price to move either sideways or...
by Lara | Jul 29, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day sees the Elliott wave count only slightly changed at the hourly chart level. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible today that primary wave 3 may be over, assume that it may continue...
by Lara | Jul 28, 2017 | S&P 500, S&P 500 + DJIA |
The first target at 2,481 to 2,482 was met and passed by 2 points early in the session. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible today that primary wave 3 may be over, assume that it may continue higher...
by Lara | Jul 26, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis was clear: the trend is still up. A new all time high was therefore expected as most likely. Summary: The trend is up. Trading with the trend is the safest approach for your account. Use corrections as an opportunity to join the trend. The last open gap...