by Lara | Feb 13, 2018 | S&P 500, S&P 500 + DJIA |
Another green daily candlestick has completed as expected. Summary: The next target is at 3,020. In the short term, look for a pullback tomorrow for a second wave correction. The pullback may find support now about the upper edge of the best fit channel on the hourly...
by Lara | Feb 12, 2018 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
Price has moved higher for Monday, which is exactly what was expected from last analysis. Summary: The next target is at 3,020. In the short term, look for a pullback tomorrow for a second wave correction. The pullback may find support now about the upper edge of the...
by Lara | Feb 10, 2018 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
More downwards movement for Friday was expected. Summary: A low may now be in place. Some confidence may be had in this view if price breaks above the yellow channel on the hourly chart. A target would then be at 3,020. Always practice good risk management. Always...
by Lara | Feb 8, 2018 | S&P 500, S&P 500 + DJIA |
A new low below 2,668.62 in the first hour of trading invalidated the main hourly wave count and gave confidence to the alternate. At that stage, more downwards movement to new lows was expected. The targets have not yet been met. Summary: Downwards movement looks...
by Lara | Feb 7, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement has unfolded for Wednesday’s session as expected from yesterday’s Elliott wave count and technical analysis. Summary: It still looks more likely that a low may be in place. The targets are either 2,909, 2,920 or 3,104. However, risk still...
by Lara | Feb 6, 2018 | S&P 500, S&P 500 + DJIA |
Price overshot a support line and has reversed strongly from just below it. Volume, RSI and the AD line today all point to the same direction next. Summary: Today’s classic analysis favours a low in place: a piercing pattern, long lower candlestick wick on the...
by Lara | Feb 5, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected, but the target at 2,749 was inadequate. The degree of labelling of this movement is moved up one degree today, and an alternate will consider it at up two degrees. Summary: Every single bear market in the last almost 100 years was...
by Lara | Feb 3, 2018 | S&P 500, S&P 500 + DJIA |
A correction was expected to be incomplete and continue for a few more days. The first target at 2,796 was met and passed. The second target has not yet been met. Summary: Expect more downwards movement to begin next week. The target is at 2,749. In the short term, a...
by Lara | Feb 1, 2018 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected the correction was still incomplete. Another sideways day, which moved price slightly lower, fits expectations overall. Summary: A correction looks to be incomplete, so it may continue for a few more days. Targets for it to end are...
