by Lara | Mar 21, 2020 | 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 20 March 2020 is published on the Elliott Wave Gold website. You can access the analysis here.
by Lara | Mar 21, 2020 | S&P 500, S&P 500 + DJIA |
Downwards movement ended the week, which is what the main Elliott wave count had expected. Summary: It may be safest to assume the downwards trend remains intact while price remains below 2,466.97. The short-term target remains at 2,173. However, at the last low there...
by Lara | Mar 19, 2020 | S&P 500, S&P 500 + DJIA |
A small upwards day completes a spinning top candlestick. This session falls short of an 80% up day, so the main Elliott wave count remains most likely. Summary: It may be safest to assume the downwards trend remains intact while price remains below 2,553.93. The...
by Lara | Mar 18, 2020 | S&P 500, S&P 500 + DJIA |
Price continues to fall towards the short-term target. Two short-term Elliott wave counts are used today to indicate when a bounce may have arrived. Invalidation of the first count indicates the alternate may be correct. Summary: It may be safest to assume the...
by Lara | Mar 17, 2020 | S&P 500, S&P 500 + DJIA |
A lower low and a lower high fits the definition of downwards movement, but the session spent most of the time moving price higher. The Elliott wave counts remain the same. Summary: A short-term target at 2,173 may be about where a bounce or consolidation may begin....
by Lara | Mar 16, 2020 | S&P 500, S&P 500 + DJIA |
No bounce has materialised. The first target now looks too low. The second Elliott wave target is now the main target. Summary: A short-term target at 2,173 may be about where a bounce or consolidation may begin. Thereafter, the bear market may resume. The final...
by Lara | Mar 14, 2020 | 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 13 March 2020 is published on the Elliott Wave Gold website. You can access the analysis here.
by Lara | Mar 14, 2020 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
At the end of the week, monthly charts are reviewed in text and video. A bounce is expected for next week. Summary: Expect a bounce to begin next week, which may end about either 2,828 or 3,044. Thereafter, the bear market may resume to make a final low at 2,352. This...
by Lara | Mar 12, 2020 | S&P 500, S&P 500 + DJIA |
A strong close today below a multi-year trend channel is very bearish and indicates an alternate wave count may be correct. Summary: Yesterday’s alternate Elliott wave count is now the main wave count because although the trend channel was not properly breached...
