by Lara | Sep 2, 2017 | S&P 500, S&P 500 + DJIA |
Members were advised after Thursday’s session to enter long positions with stops just below the last gap at 2,460.31. Positions should now be profitable and profits may be taken or stops moved up to breakeven. Summary: Upwards movement may be over at...
by Lara | Sep 2, 2017 | EW Education, Public Analysis, S&P 500 |
I mentioned in comments on Thursday that I wanted to illustrate a real life example of an expanded flat. The concept is important when trading corrections. Click chart to enlarge. I did not have to go far back at all to find a good example of this very common...
by Lara | Sep 1, 2017 | S&P 500, S&P 500 + DJIA |
On Balance Volume is very bullish. Members are given some trading advice on how to approach this market at this time. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks. The main and alternate wave counts are...
by Lara | Aug 30, 2017 | S&P 500, S&P 500 + DJIA |
A bullish signal yesterday has now been followed by another upwards day. Support from volume means a more bullish wave count is considered. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find support at...
by Lara | Aug 29, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. This is how the session began, but price recovered well by the end of the session to come up to touch the trend line expected to provide resistance on the hourly chart. Summary: The bigger picture sees the S&P now in a primary...
by Lara | Aug 28, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
Bearish divergence noted in last analysis between price and breadth and price and volatility has been followed by a downwards day. This was expected. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find...
by Lara | Aug 27, 2017 | S&P 500, S&P 500 + DJIA |
Another small sideways day completes a Shooting Star candlestick pattern. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find support at the maroon channel on the weekly chart. For the short term,...
by Lara | Aug 24, 2017 | S&P 500, S&P 500 + DJIA |
Price is moving sideways in a small range for the last two sessions. The short term direction expected by the Elliott wave count remains the same. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find...
by Lara | Aug 23, 2017 | S&P 500, S&P 500 + DJIA |
A small doji for Wednesday’s session saw price move sideways in a very small range. The Elliott wave count is only changed for the very short term at the hourly chart level, and only slightly. Summary: The bigger picture sees the S&P now in a primary degree...
