by Lara | Dec 2, 2017 | S&P 500, S&P 500 + DJIA |
For the very short term, the hourly Elliott wave analysis expected a pullback for a small fourth wave. With price remaining above first wave price territory, all Elliott wave rules are met and the wave count has the right look. The pullback for Friday was almost...
by Lara | Nov 30, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. The Elliott wave target remains the same. Summary: The next Elliott wave target is 2,773. While price remains above 2,606.41 and within the yellow best fit channel on the hourly chart, then assume the upwards trend remains...
by Lara | Nov 29, 2017 | S&P 500, S&P 500 + DJIA |
The second target at 2,634, calculated using the measured rule, has been met today. The Elliott wave structure is analysed to see if it may be complete. If it is, then price may turn here. If it is not, then the next target will be used. Summary: The next Elliott wave...
by Lara | Nov 28, 2017 | S&P 500, S&P 500 + DJIA |
The first target was met and passed today. Price continues higher towards the second target, which is calculated from a flag pattern using the measured rule. If price keeps rising through that target, then the next Elliott wave target would be used. Summary: The next...
by Lara | Nov 27, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved sideways in a slightly larger range to print another doji candlestick. Two hourly Elliott wave counts are presented today. Summary: The first Elliott wave target is again at 2,614. A target using the measured rule is 2,634. The second Elliott wave...
by Lara | Nov 25, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as was expected from the main Elliott wave count. The targets remain the same. An alternate wave count is considered, but classic technical analysis indicates it has a lower probability. Summary: The first Elliott wave target is again at...
by Lara | Nov 22, 2017 | S&P 500, S&P 500 + DJIA |
Price is behaving mostly as the new main Elliott wave count expects. Targets remain the same. The AD line gives an important signal today, which will be given weight in the analysis. Summary: The first Elliott wave target is again at 2,614. A target using the measured...
by Lara | Nov 21, 2017 | S&P 500, S&P 500 + DJIA |
An upwards breakout was expected after some more sideways movement. The upwards breakout has come a little more quickly than expected, but movement above 2,590.09 in the first hour of trading was a signal that the main hourly Elliott wave count was correct. Members...
by Lara | Nov 20, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways in a very small range, which at this stage fits the alternate Elliott wave count better than the main Elliott wave count. Both wave counts remain valid. Summary: Price may move sideways this week. Thereafter, it should break out...