by Lara | Sep 19, 2017 | S&P 500, S&P 500 + DJIA |
A very small doji for an inside day sees the Elliott wave counts remain the same. The AD line as a measure of market breadth today gives another signal. Summary: Assume the trend remains upwards while price remains above 2,480.38. The very clear and strong bullish...
by Lara | Sep 16, 2017 | S&P 500, S&P 500 + DJIA |
Price moved to record new all time high. Summary: On Balance Volume after Friday’s session gives bullish signals which support the alternate Elliott wave count. A short term target is at 2,531 in the first instance. If Monday sees price move lower, then a new...
by Lara | Sep 7, 2017 | S&P 500, S&P 500 + DJIA |
For the short term, downwards movement was expected for Thursday’s session. An inside day completes as a red daily candlestick, mostly meeting expectations but not as clear as hoped for. Summary: With the last wave up now looking very much like a three, have...
by Lara | Sep 1, 2017 | S&P 500, S&P 500 + DJIA |
On Balance Volume is very bullish. Members are given some trading advice on how to approach this market at this time. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks. The main and alternate wave counts are...
by Lara | Aug 30, 2017 | S&P 500, S&P 500 + DJIA |
A bullish signal yesterday has now been followed by another upwards day. Support from volume means a more bullish wave count is considered. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find support at...
by Lara | Aug 21, 2017 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected for Monday. Although price has made a lower low and a lower high, the candlestick did close green as the expected bounce came at the end of Monday’s session. Summary: The target for a bounce to end tomorrow is at 2,448....
by Lara | Aug 14, 2017 | S&P 500, S&P 500 + DJIA |
Price moved higher as the main Elliott wave count expected. Summary: If price makes a new high above 2,462.59 tomorrow, then the target for the bounce to end is at 2,482. If price breaks below the upwards sloping green channel on the hourly charts tomorrow, then...
by Lara | Aug 12, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day for Friday changes the very short term picture only slightly. Summary: A bounce may have begun on Friday. Some confidence in this view may be had if price makes a new high above 2,448.09 now. The target is either 2,458 or 2,470. Primary wave 4 may...
by Lara | Jul 31, 2017 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected for Monday. Price fell 2.04 points short of the target on the main hourly Elliott wave chart before turning lower to print a red daily candlestick. Summary: We should always assume the trend remains the same until proven...