by Lara | Aug 22, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session but the target at 2,448 was inadequate. Price moved 6.77 points above the target. 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 21, 2017 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected for Monday. Although price has made a lower low and a lower high, the candlestick did close green as the expected bounce came at the end of Monday’s session. Summary: The target for a bounce to end tomorrow is at 2,448....
by Lara | Aug 18, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement has continued for Friday exactly as the Elliott wave count and classic technical analysis expected. On Balance Volume gives important signals at the end of this week. Summary: Look out for a green daily candlestick for Monday. A small bounce may end...
by Lara | Aug 17, 2017 | S&P 500, S&P 500 + DJIA |
The first hour of the session saw a break below the channel on the hourly Elliott wave charts. At that stage, downwards movement was expected, and an increase in downwards momentum was also expected. So far price is fulfilling those expectations. Summary: The short...
by Lara | Aug 16, 2017 | S&P 500, S&P 500 + DJIA |
The target for upwards movement was not met, but price did move higher towards it. The target is recalculated today. Summary: Allow for the possibility of a little more upwards movement while price remains within the best fit channel, but it should not make a new all...
by Lara | Aug 15, 2017 | S&P 500, S&P 500 + DJIA |
The alternate hourly wave count was indicated as correct early in the session when price made a new high above 2,462.59. Summary: The target for the bounce to end is at 2,480. Single day divergence today between price and the AD line suggests downwards movement...
by Lara | Aug 14, 2017 | S&P 500, S&P 500 + DJIA |
Price moved higher as the main Elliott wave count expected. Summary: If price makes a new high above 2,462.59 tomorrow, then the target for the bounce to end is at 2,482. If price breaks below the upwards sloping green channel on the hourly charts tomorrow, then...
by Lara | Aug 12, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day for Friday changes the very short term picture only slightly. Summary: A bounce may have begun on Friday. Some confidence in this view may be had if price makes a new high above 2,448.09 now. The target is either 2,458 or 2,470. Primary wave 4 may...
by Lara | Aug 12, 2017 | EW Education, Public Analysis, S&P 500, Trading Tips
This chart was published two days ago. At that time, it was warned that the possible upwards breakout of the 8th of August lacked support from volume and may turn out to be false: Click chart to enlarge. That was proven correct. The strong downwards movement from the...
