by Lara | May 18, 2017 | S&P 500, S&P 500 + DJIA |
A bounce was expected for Thursday’s session and this is exactly what happened. Summary: This upwards bounce may be a counter trend bounce. If price makes a new low below 2,344.51 tomorrow, then the wave count would see either intermediate wave 4 or primary wave...
by Lara | May 17, 2017 | S&P 500, S&P 500 + DJIA |
The main hourly Elliott wave count was invalidated within the first hour of the session. Two alternate hourly wave counts remained. Summary: Price is at support and On Balance Volume is at support, and for these reasons the main wave count will expect an end to the...
by Lara | May 16, 2017 | S&P 500, S&P 500 + DJIA |
The main wave count expected more upwards movement, which is what has happened. Targets remain the same. Summary: The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains extreme, so extreme caution is still advised. If price closes the gap by...
by Lara | May 16, 2017 | S&P 500, S&P 500 + DJIA |
New all time highs were expected for this week and that is exactly what has happened this Monday. Summary: The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains extreme, so extreme caution is still advised. If price closes the gap by moving...
by Lara | May 13, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day leaves the analysis mostly the same. The strong floor of support about 2,377 continues to hold. Summary: Support should hold and next week should see new all time highs. The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains...
by Lara | May 11, 2017 | S&P 500, S&P 500 + DJIA |
A strong whipsaw moved below the short term invalidation point on the hourly Elliott wave count. However, downwards movement was quickly retraced and today’s candlestick looks very bullish. Summary: There is enough bullishness in the daily technical analysis to...
by Lara | May 10, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day closes green. Price remains above stops on long positions. The Elliott wave analysis remains the same. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should keep stops on...
by Lara | May 9, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues with a new all time high. Downwards movement at the end of this session remains above stops on long positions. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should...
by Lara | May 8, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high was expected from last analysis. The Elliott wave count remains the same and the weekly technical analysis still sounds a strong warning. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level...
