by Lara | Jan 16, 2020 | S&P 500, S&P 500 + DJIA |
Price is now at the upper edge of a multi-year channel. The Elliott wave counts remain essentially the same. Summary: The next target is at 3,323 or 3,332, but targets may not be met and price may reverse here if the multi-year channel provides resistance. It is...
by Lara | Jan 15, 2020 | S&P 500, S&P 500 + DJIA |
Price is nearing the next target and more importantly the upper edge of a multi-year trend channel. A reaction downwards from there would be fairly likely. Summary: The next target is at 3,323 or 3,332. Look for strong resistance at the upper edge of the wide channel...
by Lara | Jan 14, 2020 | S&P 500, S&P 500 + DJIA |
Price continues to move higher towards the next target. The main Elliott wave count essentially remains the same. An alternate Elliott wave count is used due to the increased risk of a pullback or consolidation developing here. Summary: The next target is at 3,332. It...
by Lara | Jan 13, 2020 | S&P 500, S&P 500 + DJIA |
The next target is almost met. The structure may be incomplete. A new higher target is now calculated. Summary: The next target is at 3,289 or 3,332. A little sideways movement may develop here before price continues up and away. It is possible that minor wave 3 could...
by Lara | Jan 11, 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 10 January 2020 is published on the Elliott Wave Gold website. You can access the analysis here.
by Lara | Jan 10, 2020 | S&P 500, S&P 500 + DJIA |
All week this analysis has expected more upwards movement as most likely, which is what has happened. The target remains the same. Summary: The next target is at 3,289. It is possible that minor wave 3 could be over. Some confidence in this view may be had with a new...
by Lara | Jan 9, 2020 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards the target as expected. The main Elliott wave count remains bullish, at least for the short term. Summary: If price continues higher, then the next target is at 3,289. It is possible that minor wave 3 could be over. Some confidence...
by Lara | Jan 8, 2020 | S&P 500, S&P 500 + DJIA |
Yesterday’s main Elliott wave count expected upwards movement to continue. The target remains the same. Summary: At this stage, it is possible that minor wave 3 could be over. Confidence in this view is required with a new low below 3,244.91. If price continues...
by Lara | Jan 7, 2020 | S&P 500, S&P 500 + DJIA |
A small inside day continues a small consolidation. The main and alternate short-term Elliott wave counts remain essentially the same. Summary: At this stage, it is possible that minor wave 3 could be over. Confidence in this view is required with a new low below...
