by Lara | Nov 10, 2016 | S&P 500, S&P 500 + DJIA |
A red long legged doji for today’s session indicates indecision, a balance between bulls and bears. This mostly fits expectations; this session was expected to produce a small red daily candlestick. Summary: Tomorrow may begin with some downwards movement to a...
by Lara | Nov 9, 2016 | S&P 500, S&P 500 + DJIA |
A new high above 2,154.79 adds confidence to the main Elliott wave count. A new alternate is presented today, but it has a very low probability. Dow Theory today provides important confirmation. Summary: Classic analysis favours a bullish Elliott wave count. The new...
by Lara | Nov 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement to a short term target at 2,139.50 was expected. Upwards movement did unfold, but reached 7.37 points above the target. Summary: Volume does not support this upwards movement, and there is some regular bearish divergence between price and the AD line...
by Lara | Nov 7, 2016 | S&P 500, S&P 500 + DJIA |
A little more downwards movement was expected to 2,076. The downwards trend was judged to be weak on Friday. Monday has seen a very strong upwards day, with no new low at the beginning of the session. Summary: The short term target is at 2,139.50 for tomorrow....
by Lara | Nov 5, 2016 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected for Friday’s session. Friday made a slightly lower low and a lower high. Summary: Downwards movement is showing signs of weakness. With price and On Balance Volume at support, not much more downwards movement is expected. The...
by Lara | Nov 3, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected to see a green daily candlestick or doji for Thursday’s session. This is not what happened, price has continued lower. Summary: This trend may continue for a little longer and move a little lower. Some signs of weakness are...
by Lara | Nov 2, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s main and alternate Elliott wave counts expected more downwards movement. This is what happened. The target for the main Elliott wave count remains the same. Summary: A green daily candlestick or a doji may unfold tomorrow as a fourth wave correction...
by Lara | Nov 1, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but this is not what happened. The main Elliott wave count was invalidated below 2,111.05 and the alternate Elliott wave count was confirmed. At that stage, only the alternate wave count remained. The target for that wave count remains...
by Lara | Oct 31, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day printed a small red doji candlestick. The Elliott wave counts remain the same. Some divergence today is noted between price and the AD line, and between price and VIX. This may assist to indicate the direction for tomorrow. Summary: Upwards movement...
