2 thoughts on “Lara’s Weekly: Elliott Wave and Technical Analysis of S&P500 and Gold and US Oil | Video – December 28, 2018

  1. Lara,

    I watched your video. If I understand you correctly your main count has main cycle wave IV completed? This is without any kind of retest of the low? Isn’t that unusual?

    Would a move above the current downward channel on the daily be a sign of the main count being correct? Or could that just be a bear flag leading to lower lows?

    It appears your alternate count would mean we are looking at lower lows than 2346?

    I can’t seem to access your weekly chart?

    Note: I am not a day trader, but rather using your service to know when to move back into long positions.

    Thx.

    1. ” If I understand you correctly your main count has main cycle wave IV completed? This is without any kind of retest of the low? Isn’t that unusual?”

      – Yes, that’s the main count. Not necessarily unusual. The low in March 2009 was a sharp V bottom. Sometimes this happens. I can see a few others within this bull market too.

      “It appears your alternate count would mean we are looking at lower lows than 2346?”

      – Yes.

      TBH, in my judgement the difference in probability between the two counts is not so high. I judge the main count to be more likely, but not by a wide margin. The alternate is a serious consideration.

      You can use the channel, yes, but the safest thing to do would be to wait for a new high above 2,631.09 before having good confidence in the main count.

      If you view Lara’s Weekly on the Elliott Wave Gold site you should be able to see all the charts. Let me know via email if that doesn’t work. admin@elliottwavegold.com

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