by Lara | Dec 23, 2017 | S&P 500, S&P 500 + DJIA |
A small correction was expected to continue. With price moving slightly lower and closing as a small doji candlestick for Friday’s session, this is what is happening. Summary: A small fourth wave correction may continue for a few more days overall, and may...
by Lara | Dec 4, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved overall higher to begin the new trading week, towards the new target provided in last analysis. Summary: For the short term, look now for a pullback to about 2,624 or 2,599. This may be a second wave correction. Thereafter, look for upwards movement to...
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 | 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 | Jun 29, 2017 | S&P 500, S&P 500 + DJIA |
A downwards session was expected for Thursday. This is exactly what happened. Summary: Expect now a multi week to multi month pullback has begun. The target zone for it to end is about 2,400 to 2,322. The situation is unclear for tomorrow’s session. Volume and...
by Lara | May 16, 2017 | S&P 500, S&P 500 + DJIA |
The main wave count expected more upwards movement, which is what has happened. Targets remain the same. Summary: The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains extreme, so extreme caution is still advised. If price closes the gap by...
by Lara | Apr 9, 2017 | S&P 500, S&P 500 + DJIA |
A breakout was expected for Friday but did not happen. An inside day was completed. Price remains range bound for this market. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a little more support for the...
by Lara | Mar 22, 2017 | S&P 500, S&P 500 + DJIA |
Price moved a little lower before bouncing upwards to close green at the end of the session. Summary: It is still fairly likely that a low is in place. There is further divergence today with price and the AD line, and price seems to be congested at multiple support...
by Lara | Mar 2, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement for the day remains above the invalidation point and the breakaway gap is offering support. Volume analysis today may help to determine the direction for tomorrow. Summary: The picture is very bullish. Volume and divergence with VIX and the AD line...