by Lara | Oct 11, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved higher during Wednesday’s session. Summary: The correction may be over; while price remains above 2,544.86, this should be the expectation. The next target is at 2,602 to 2,614. Bullishness today from volume, On Balance Volume, and rising market...
by Lara | Oct 10, 2017 | S&P 500, S&P 500 + DJIA |
For the very short term, a little upwards movement was expected for Tuesday’s session and this is what has happened. Tuesday put in a higher high and a higher low, closing as a doji, which is entirely normal within a correction. Summary: Two or five days of...
by Lara | Oct 9, 2017 | S&P 500, S&P 500 + DJIA |
A breach of the small channel indicated the alternate hourly Elliott wave count should be used. Thereafter, downwards movement was expected. The candlestick has closed red today. Summary: A pullback or consolidation has most likely begun. It may be shallow, choppy,...
by Lara | Oct 6, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected but price has moved sideways for Friday to complete an inside day. The short term Elliott wave count is slightly adjusted at the hourly chart level today. Summary: Assume the trend remains up while price remains within the violet channel...
by Lara | Oct 5, 2017 | S&P 500, S&P 500 + DJIA |
A new high in the first hour of the session gave confidence to a target at 2,548 to 2,550. Upwards movement for the session reached 2,552.51. Summary: Assume the trend remains up while price remains within the violet channel on the hourly charts. The new target is now...
by Lara | Oct 5, 2017 | S&P 500, S&P 500 + DJIA |
The short term target for upwards movement was 2,540 to 2,541 on the hourly chart. Price moved up to sit right within this small one point zone, to 2,540.53. Summary: Another day with divergence from VIX and now divergence with the AD line is bearish for the short...
by Lara | Oct 3, 2017 | S&P 500, S&P 500 + DJIA |
Bullishness in On Balance Volume and rising market breadth all have pointed recently to higher prices. And in yesterday’s analysis it was noted there was a Three White Soldiers candlestick pattern on the daily chart, so higher prices today were completely...
by Lara | Oct 2, 2017 | S&P 500, S&P 500 + DJIA |
Price continues higher as expected, well exceeding the last Elliott wave target and a classic analysis target using the measured rule. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next short term target is...
by Lara | Sep 30, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to rise as expected from the Elliott wave count and classic technical analysis. The Elliott wave target coincides nicely with a classic analysis target calculated using the measured rule from a small flag pattern. Summary: On Balance Volume and the AD...
