by Lara | Nov 16, 2017 | S&P 500, S&P 500 + DJIA |
A new high above 2,539, within the second hour of trading today, indicated the alternate hourly Elliott wave count was more likely correct and price should continue overall higher, which is what happened for the rest of the session. Summary: The first target is again...
by Lara | Nov 15, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was overall expected, but it was expected that price should have a short term bounce first. Downwards movement is now choppy and overlapping, suggesting an Elliott wave diagonal may be unfolding. Summary: The target for a multi day pullback is still...
by Lara | Nov 14, 2017 | S&P 500, S&P 500 + DJIA |
A consolidation or pullback was expected to continue. Price has moved lower today and remains within the consolidation zone. Summary: The target for a multi day pullback is now about 2,539. Today, this is supported by bearish divergence with price and the AD line,...
by Lara | Nov 13, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved slightly higher, to complete an outside day, and remains within the invalidation point for the new main Elliott wave count. Summary: The target for a multi day pullback is now about 2,539. Today, this is supported by bearish divergence with price and...
by Lara | Nov 11, 2017 | S&P 500, S&P 500 + DJIA |
A signal from On Balance Volume for Friday sees the main and alternate hourly Elliott wave counts swapped over. The mid to long term picture remains the same, but the short term picture for next week is now changed. Summary: The target for a multi day pullback is now...
by Lara | Nov 9, 2017 | S&P 500, S&P 500 + DJIA |
A sharp downwards movement today remained above the invalidation point on the main hourly Elliott wave count, and the long lower wick on this candlestick is interpreted as bullish. Although bears were able to push price sharply lower, they could not hold the lows and...
by Lara | Nov 8, 2017 | S&P 500, S&P 500 + DJIA |
The upwards trend continues overall, and classic technical analysis remains very bullish. Members are advised to go with the trend until price proves it is over. Summary: The Elliott wave target is at 2,616 and a target from a small pennant pattern is 2,617. The...
by Lara | Nov 7, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high at the start of the session has been followed by a small pullback. A pullback was expected from the last Elliott wave analysis as another second wave correction. Summary: The Elliott wave target is at 2,616 and a target from a small pennant pattern...
by Lara | Nov 6, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis expected more upwards movement to begin the new trading week, which is what has happened. The Elliott wave target is just one point off a target using the measured rule and a reliable continuation pattern. Summary: The Elliott wave target is at 2,616 and...
