by Lara | Aug 17, 2019 | S&P 500, S&P 500 + DJIA |
For the short term, a small amount of upwards movement to either 2,871 or 2,898 was expected for Friday. Upwards movement reached 2,893.63. Summary: Two short to mid-term bearish wave counts (main daily chart and alternate daily chart) expect a very little upwards...
by Lara | Aug 15, 2019 | S&P 500, S&P 500 + DJIA |
Another downwards day closes green with a smaller range Doji. Analysis of volume within the session supports the Elliott wave counts. Summary: Look out for a possible small counter trend bounce tomorrow up to about 2,871 or 2,898 but not above 2,943.31. Thereafter,...
by Lara | Aug 14, 2019 | S&P 500, S&P 500 + DJIA |
A strong downwards day fits what was yesterday’s alternate Elliott wave count, which has increased in probability to now become the main Elliott wave count. Summary: A new low below 2,873.14 adds confidence to the new main wave count. The target is now at 2,663....
by Lara | Aug 13, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement today fits the main Elliott wave count. Summary: The main wave count expects an increase in upwards momentum tomorrow. The next target is at 3,120. The alternate remains valid and today has some support from bearish divergence between price and both...
by Lara | Aug 12, 2019 | S&P 500, S&P 500 + DJIA |
A sideways inside day to end the trading week leaves both Elliott wave counts essentially the same. Classic technical analysis favours the main Elliott wave count. Summary: An 80% up day, a long lower wick on the weekly candlestick, closure of the last gap, and...
by Lara | Aug 10, 2019 | Gold, Lara's Weekly, S&P 500, S&P 500 + DJIA, 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 9 August 2019 is published on the Elliott Wave Gold website. You can access the analysis here.
by Lara | Aug 10, 2019 | S&P 500, S&P 500 + DJIA |
A sideways inside day to end the trading week leaves both Elliott wave counts essentially the same. Classic analysis favours the main Elliott wave count. Summary: An 80% up day, a long lower wick on the weekly candlestick, closure of the last gap, and bullish...
by Lara | Aug 8, 2019 | S&P 500, S&P 500 + DJIA |
A strong upwards day sees the Elliott wave counts swapped over. Targets remain the same. Summary: An 80% up day, a shaven head, closure of the last gap, and bullish divergence between price and both of the AD line and inverted VIX indicate it is likely a low was in...
by Lara | Aug 7, 2019 | S&P 500, S&P 500 + DJIA |
Sideways movement fits the main Elliott wave count. The target remains the same. Summary: The main Elliott wave count expects the pullback may continue lower to 2,663 or 2,579. A new low below 2,822.12 would increase the probability of this scenario. Alternatively, a...
