by Lara | May 7, 2019 | S&P 500, S&P 500 + DJIA |
A correction was expected for this week. Price remains within the channel on the daily chart as expected. Summary: A pullback may end when price finds support at the lower edge of the maroon Elliott channel, which is drawn on both daily and hourly charts. Thereafter,...
by Lara | May 6, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a little downwards movement to 2,894 and at least below 2,900.50 was expected to begin the week. The low for Monday at 2,898.21 fits the expectation reasonably well. Price remains range bound. Summary: A consolidation may continue sideways for...
by Lara | May 4, 2019 | Gold, Lara's Weekly, S&P 500, US Oil
Commentary and charts of Lara’s Weekly, an end of week Elliott Wave and Technical Analysis of the S&P 500 and GOLD and USOIL, for week ending 3 May 2019 is published on the Elliott Wave Gold website. You can access the analysis here.
by Lara | May 4, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a consolidation or bounce was expected. A bounce for Friday overall fits this expectation. Price remained below the invalidation point. Summary: A pullback or consolidation here for primary wave 4 may now last about a couple of weeks or so and...
by Lara | May 2, 2019 | S&P 500, S&P 500 + DJIA |
Yesterday’s Elliott wave count expected more downwards movement, and this view had support from a Bearish Engulfing candlestick reversal pattern on the daily chart. For today’s session, more downwards movement is what has occurred. Summary: Primary wave 3...
by Lara | May 1, 2019 | S&P 500, S&P 500 + DJIA |
The low today invalidated one hourly chart. The Elliott wave count has support from a candlestick reversal pattern. Summary: Primary wave 3 may now be complete. A pullback or consolidation here for primary wave 4 may now last about a couple of weeks or so and may end...
by Lara | Apr 30, 2019 | S&P 500, S&P 500 + DJIA |
Overall, upwards movement continues as expected. The Elliott wave target remains the same. Two hourly charts are published today for the short-term picture. Summary: The upwards trend remains intact and there is underlying strength in this market still. The next...
by Lara | Apr 29, 2019 | S&P 500, S&P 500 + DJIA |
A new all time high was expected this week from the S&P, which is what has happened. Summary: The upwards trend remains intact and there is underlying strength in this market still. The next mid-term target is at 3,010. A cluster of bearish signals from VIX...
by Lara | Apr 27, 2019 | Gold, Lara's Weekly, S&P 500, US Oil
Commentary and charts of Lara’s Weekly, an end of week Elliott Wave and Technical Analysis of the S&P 500 and GOLD and USOIL, for week ending 26 April 2019 is published on the Elliott Wave Gold website. You can access the analysis here.
