by Lara | Mar 6, 2017 | S&P 500, S&P 500 + DJIA |
A new low below 2,371.54 invalidated the hourly Elliott wave count and indicated a pullback has likely arrived. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low...
by Lara | Mar 4, 2017 | S&P 500, S&P 500 + DJIA |
An upwards day was expected for Friday. Price made a lower low and lower high, the definition of a downwards day, but the session closed green. Price remains above the near by invalidation point on the hourly Elliott wave count. Summary: Aggressive and more risk...
by Lara | Mar 2, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement for the day remains above the invalidation point and the breakaway gap is offering support. Volume analysis today may help to determine the direction for tomorrow. Summary: The picture is very bullish. Volume and divergence with VIX and the AD line...
by Lara | Mar 1, 2017 | S&P 500, S&P 500 + DJIA |
A new high above 2,367.79 confirmed the alternate hourly wave count, which expected more upwards movement with an increase in momentum to a target at 2,397. The high for the day was 2,400.98. Summary: The picture is very bullish. Volume supports the strong upwards...
by Lara | Feb 28, 2017 | S&P 500, S&P 500 + DJIA |
A downwards day was expected for Tuesday’s session. There are only now two hourly Elliott wave counts. Summary: The situation is unclear: volume is bearish short term while divergence between price and VIX, and price and the AD line, is bullish short term....
by Lara | Feb 27, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was not expected for Monday. The main Elliott wave count expected downwards movement for the session. The current situation has multiple possibilities and for members today three hourly Elliott wave counts are again presented along with some cautious...
by Lara | Feb 25, 2017 | S&P 500, S&P 500 + DJIA |
A downwards day was not expected for Friday. The slight new lower high and lower low essentially moved price sideways for the session. Summary: A consolidation may end Monday with a short wave down to end below 2,352.87. Thereafter, the upwards trend should resume....
by Lara | Feb 23, 2017 | S&P 500, S&P 500 + DJIA |
A red daily candlestick with a long lower wick makes the Elliott wave count have a better look now at the daily chart level. Summary: The target at minor degree is recalculated to 2,399. Persistent divergence with price and vix, and now today with price and the AD...
by Lara | Feb 22, 2017 | S&P 500, S&P 500 + DJIA |
A small sideways day sees the Elliott wave count slightly adjusted, which effects the target zone. An alternate hourly Elliott wave count is provided today just in case. Summary: The target for this upwards wave to end can now be calculated at two degrees as a range...
