by Lara | Jan 12, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the Elliott wave count and supported by classic technical analysis. Divergence with price and VIX and the AD line indicated price was likely to move lower today. Summary: Some downwards movement to find support at the lilac /...
by Lara | Jan 11, 2017 | S&P 500, S&P 500 + DJIA |
Although today’s daily candlestick closed green, it made a lower high and a lower low (which is the definition of downwards movement). This was expected for the Elliott wave count. The short term resistance line on the hourly chart neatly showed where upwards...
by Lara | Jan 11, 2017 | Public Analysis, USD Index |
Summary: The USD index is in a bull market. A short term correction looks like it may have just ended. The target for the next wave up to end is about 105.98. If the correction deepens, it should not move below 97.56. ELLIOTT WAVE ANALYSIS MONTHLY CHART Click chart to...
by Lara | Jan 10, 2017 | S&P 500, S&P 500 + DJIA |
Sideways movement to complete a small green doji candlestick fits the 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...
by Lara | Jan 9, 2017 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
The daily Elliott wave count is new. It was published in comments over the Christmas / New Year holiday. The hourly Elliott wave count expects the correction to continue and now has a target using a Fibonacci ratio. Summary: Some downwards movement to find support at...
by Lara | Dec 23, 2016 | S&P 500, S&P 500 + DJIA |
Another very small range day moved price essentially sideways fitting the Elliott wave count for the short term. Two hourly Elliott wave counts are provided to end the year, with the one daily Elliott wave count remaining the same. Summary: A small pennant pattern may...
by Lara | Dec 22, 2016 | S&P 500, S&P 500 + DJIA |
Another downwards day remains within the range of recent movement. The short term Elliott wave structure at the hourly chart level is relabelled, and the Elliott wave target remains the same. Summary: A small pennant pattern may be completing, the target would be...
by Lara | Dec 21, 2016 | S&P 500, S&P 500 + DJIA |
A downwards day remains within the small pattern forming. Summary: A small pennant pattern may be completing, the target would be about 2,359 (measured rule) or 2,473 (Elliott wave). However, ADX is still extreme in the short term at the daily chart level, and VIX is...
by Lara | Dec 20, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the second hourly Elliott wave count. Summary: Another small pennant pattern may be over, the target would be about 2,350 (measured rule) or 2,473 (Elliott wave). However, indicators are sounding strong notes of caution here: ADX is...
