by Lara | Jan 24, 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 24 January 2020 is published on the Elliott Wave Gold website. You can access the analysis here.
by Lara | Jan 24, 2020 | S&P 500, S&P 500 + DJIA |
A cluster of signals (from VIX, the AD line, Friday’s candlestick and volume) suggests at the end of the week that an alternate Elliott wave count may be more likely for the short-term outlook. Summary: It is possible that minor wave 3 could be over. Reasonable...
by Lara | Jan 23, 2020 | S&P 500, S&P 500 + DJIA |
A small range downwards day leaves two Elliott wave counts valid. Summary: The next target is at 3,348 and then at 3,379. It is still possible that minor wave 3 could be over. Reasonable confidence in this view may be had with a new low below 3,258.14. The risk of a...
by Lara | Jan 22, 2020 | S&P 500, S&P 500 + DJIA |
Another new all time high today reaches the next target and slightly exceeds it. Summary: The next target is at 3,379. It is again possible that minor wave 3 could be over. Some confidence in this view may be had with a new low below 3,316.61 and then a breach of the...
by Lara | Jan 21, 2020 | S&P 500, S&P 500 + DJIA |
A small range inside day leaves all Elliott wave counts unchanged. Summary: The next target is at 3,332 and thereafter 3,379. It is again possible that minor wave 3 could be over. Some confidence in this view may be had with a new low below 3,298.66 and then a breach...
by Lara | Jan 18, 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 17 January 2020 is published on the Elliott Wave Gold website. You can access the analysis here.
by Lara | Jan 17, 2020 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
With price now above the upper edge of a multi-year channel, it is time to review monthly charts. Summary: The next target is at 3,332 and thereafter 3,379. It is again possible that minor wave 3 could be over. Some confidence in this view may be had with a new low...
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...
