by Lara | Jun 27, 2017 | S&P 500, S&P 500 + DJIA |
A new low below 2,422.88 has invalidated the main Elliott wave count and confirmed the alternate. Yesterday’s bearish divergence between price and the AD line and VIX did warn of a possible breakdown. Summary: Expect now a multi week to multi month pullback has...
by Lara | Jun 26, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count again expected upwards movement. Monday has made a higher high and a higher low above Friday, the definition of upwards movement. This was expected. Summary: While we should always assume the trend remains the same until proven otherwise,...
by Lara | Jun 24, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected upwards movement. This happened at the end of the session for the candlestick to close green, but a lower low and a lower high for the session saw price overall move down from the prior day. Summary: Assume the trend remains the...
by Lara | Jun 22, 2017 | S&P 500, S&P 500 + DJIA |
Yesterday it was noted that bullish divergence in both VIX and market breadth suggested an upwards session for Thursday. This is what has happened. Summary: Assume the trend remains the same, upwards, until proven otherwise; while price remains above 2,422.88, assume...
by Lara | Jun 21, 2017 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point, but the closure of the last gap and price moving back down into the prior consolidation zone puts the breakout as false. The gap was a pattern gap and not a breakaway gap. Summary: Assume the trend remains the same, upwards,...
by Lara | Jun 20, 2017 | S&P 500, S&P 500 + DJIA |
A pullback was expected and support is holding. Price remains above the invalidation point. Summary: Assume the trend remains the same, upwards, until proven otherwise. This looks like an upwards breakout now followed by a pullback. Stops for long positions may be set...
by Lara | Jun 19, 2017 | S&P 500, S&P 500 + DJIA |
An upwards breakout may have come sooner than expected. The final target remains the same. Summary: Assume the trend remains the same, upwards, until proven otherwise. This looks like an upwards breakout. Any small correction now is an opportunity to join the trend....
by Lara | Jun 17, 2017 | S&P 500, S&P 500 + DJIA |
A small range inside week completes, which is exactly what was expected at the beginning of the week. Price is consolidating. Summary: Expect a sideways consolidation to continue into next week as well. When it is done, it should offer a good entry point to join the...
by Lara | Jun 15, 2017 | S&P 500, S&P 500 + DJIA |
The Elliott wave count expected a continuation of a sideways correction. Price remains range bound. For the short term price was expected to move lower, which has happened. Summary: Expect a sideways consolidation to continue into next week as well. When it is done,...
