by Lara | Jun 14, 2017 | S&P 500, S&P 500 + DJIA |
Price remains range bound, which was expected. Wednesday completed an outside day that closed red. Summary: Expect a sideways consolidation to continue this week and likely into next week as well. When it is done, it should offer a good entry point to join the longer...
by Lara | Jun 13, 2017 | S&P 500, S&P 500 + DJIA |
More sideways movement was expected for Tuesday’s session. Price has moved higher but has not made a new all time high, which fits fairly well with the expectations at the daily chart level. Summary: Expect a sideways consolidation to continue this week and...
by Lara | Jun 12, 2017 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected for Monday, which is exactly what happened. Summary: Expect a sideways consolidation to continue this week and likely into next week as well. When it is done, it should offer a good entry point to join the longer term upwards trend. New...
by Lara | Jun 11, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement to a target at 2,448 to 2,450 was expected. Price moved higher to reach 2,446.20 before turning strongly downwards on Friday. Price fell just 1.8 points short of the 2 point target zone. Summary: Expect a sideways consolidation now for at least a...
by Lara | Jun 8, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved higher as last analysis expected. The Elliott wave target remains the same. Summary: While price remains above 2,418.71, then expect it is more likely that this downwards movement is a smaller pullback within an ongoing upwards trend. The target is now...
by Lara | Jun 7, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected to most likely be a small pullback within an ongoing upwards trend. The pullback has remained above the invalidation point, as expected. The target is slightly adjusted; the Elliott wave target is now only 2 points from the classic...
by Lara | Jun 6, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Another red daily candlestick has made a new low. Summary: While price remains above 2,418.71, then expect it is more likely that this downwards movement is a smaller pullback within an ongoing upwards trend. The target is now at 2,454...
by Lara | Jun 5, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Price has moved sideways to print a red daily candlestick. Summary: The target for a third wave is met and the structure is complete. If price keeps rising, then use the classic target at 2,448. This target is very close to a new...
by Lara | Jun 3, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. The Elliott wave target has been reached, but the classic technical analysis target using the measured rule has not yet been reached. Summary: The target for a third wave is met and the structure is complete. If price keeps rising, then...
