by Lara | May 6, 2017 | S&P 500, S&P 500 + DJIA |
An upwards breakout from a bull flag pattern was expected. This looks like what has happened at the end of Friday’s session. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should keep...
by Lara | May 5, 2017 | S&P 500, S&P 500 + DJIA |
Price remains constrained and moving sideways. Volume suggests the breakout direction. Summary: In the short term, price may move a little lower tomorrow. A small flag pattern may be completing. Volume suggests the breakout is more likely to be upwards. The measured...
by Lara | May 3, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
The consolidation continues sideways and support is still at about 2,380. Summary: A small flag pattern may be completing. Volume suggests the breakout is more likely to be upwards. The measured rule gives a target about 2,459. The Elliott wave analysis gives a target...
by Lara | May 2, 2017 | S&P 500, S&P 500 + DJIA |
Price remains range bound. Another small doji completes an inside day. The Elliott wave counts remain mostly the same with a small change for the main hourly chart. Summary: This small consolidation may present an opportunity to join the upwards trend. Stops may be...
by Lara | May 1, 2017 | S&P 500, S&P 500 + DJIA |
Price is range bound. A small red doji does not change the Elliott wave count. Summary: This small consolidation may present an opportunity to join the upwards trend. Stops may be set just below the last gap, which has its low at 2,356.18. The target is at 2,469. A...
by Lara | Apr 29, 2017 | S&P 500, S&P 500 + DJIA |
An outside day remains above support. Classic analysis with a heavy reliance on On Balance Volume is used to determine which Elliott wave count is more likely. Summary: A brief shallow pullback may have moved sideways and slightly lower on Friday. This may present an...
by Lara | Apr 27, 2017 | S&P 500, S&P 500 + DJIA |
A small pullback was expected to be relatively brief and shallow. So far price is meeting this expectation. Gaps will be used for trading advice for members with long positions. Summary: A brief shallow pullback may have ended at today’s low. This may present an...
by Lara | Apr 26, 2017 | S&P 500, S&P 500 + DJIA |
A small pullback was expected to unfold here or shortly. An upwards day closes red, with a long upper wick on the candlestick. This looks like a small pullback may have begun at the end of this session. Summary: If a small pullback remains above 2,376.98, then expect...
by Lara | Apr 25, 2017 | S&P 500, S&P 500 + DJIA |
It looks like price has broken upwards out of a symmetrical triangle. Some trading advice on how to use gaps is offered today to members. Summary: Members with long positions may pull stops up to the lower edge of today’s gap at 2,374.15. A small pullback may...
