by Lara | Sep 28, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expects more upwards movement, and it has strong support from classic technical analysis, particularly a very bullish On Balance Volume and rising market breadth. Summary: On Balance Volume and the AD line remain very bullish, supporting...
by Lara | Sep 28, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards targets as expected. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next target is now at 2,521 to 2,526, but now it does not look like it may be met in another one session...
by Lara | Sep 26, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. A higher high and a higher low fits the definition of upwards movement, but the candlestick has closed red. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave...
by Lara | Sep 25, 2017 | S&P 500, S&P 500 + DJIA |
Price moved lower to break below the very close by invalidation point on the hourly chart. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next target is now at 2,521 to 2,526. It may be met in another 3...
by Lara | Sep 23, 2017 | S&P 500, S&P 500 + DJIA |
It was expected that the downside for price was limited. A very slight new low for the session perfectly fits this expectation. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next target is now at 2,526 to...
by Lara | Sep 21, 2017 | S&P 500, S&P 500 + DJIA |
An inside day remains above the invalidation point on the hourly Elliott wave chart. Summary: Classic technical analysis remains very bullish for the mid term. The next target is now at 2,526 to 2,533. It may be met in another 5 sessions. In the short term, price is...
by Lara | Sep 20, 2017 | S&P 500, S&P 500 + DJIA |
Another new high was expected, but the sharp pullback during Wednesday’s session was not expected. Price remains well above the invalidation point on the hourly Elliott wave count. On Balance Volume and the AD line give strong clues today as to what to expect...
by Lara | Sep 19, 2017 | S&P 500, S&P 500 + DJIA |
A very small doji for an inside day sees the Elliott wave counts remain the same. The AD line as a measure of market breadth today gives another signal. Summary: Assume the trend remains upwards while price remains above 2,480.38. The very clear and strong bullish...
by Lara | Sep 18, 2017 | S&P 500, S&P 500 + DJIA |
Last end of week analysis warned that On Balance Volume supported the alternate Elliott wave count and a target for more upwards movement was given. Price has moved higher as that wave count expected and the On Balance Volume signal is now clear and strong. Summary:...
