by Lara | Jan 25, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues, which fits the larger picture of the main Elliott wave count. Summary: Price has broken out upwards from a flag pattern. A target using the measured rule is 2,323 and an Elliott wave target is 2,382. Classic analysis today is very bullish....
by Lara | Jan 25, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement has invalidated the main hourly Elliott wave count and confirmed an alternate. Summary: It is slightly more likely today that price has broken out upwards from a flag pattern. A target using the measured rule is 2,323 and an Elliott wave target is...
by Lara | Jan 23, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected, but it remains within the prior range of sideways movement. There has been no breakout yet. Summary: Some downwards movement to find support at the lilac / purple trend line is expected. If this correction ends in a total Fibonacci 34...
by Lara | Jan 21, 2017 | S&P 500, S&P 500 + DJIA |
A little upwards movement invalidated the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is wrong, it may be a little too low. Use the trend line as a preference. If...
by Lara | Jan 19, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved lower for the session as expected from the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is wrong, it may be a little too low. Use the trend line as...
by Lara | Jan 18, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement within the session did not make a new high. Price remains below the invalidation point on the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is...
by Lara | Jan 18, 2017 | DJIA Historical, DJT Historical, Public Analysis, S&P 500 Historical |
An analysis of monthly charts of the Dow, Transportations and the S&P500 may be helpful in identifying whether or not the current bull market is healthy and likely to continue or shows signs of weakness. Bull markets end and eventually turn into bear markets for...
by Lara | Jan 17, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the Elliott wave count and classic technical analysis for Tuesday’s session. This is what has happened. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this...
by Lara | Jan 13, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was again expected, but this time did not eventuate for Friday. Price moved higher but did not make a new high, and volume was weaker. Note: NYSE is closed on Monday, so there will be no new price action from BarChart to analyse. Next analysis of...
