by Lara | Sep 5, 2019 | S&P 500, S&P 500 + DJIA |
An upwards breakout from a consolidation was expected. The Elliott wave target remains the same. The main Elliott wave count has very strong support from classic technical analysis, particularly the AD line. Summary: An upwards breakout above 2,940 with support from...
by Lara | Sep 4, 2019 | S&P 500, S&P 500 + DJIA |
Another upwards day with price closing within a trading range leaves all three Elliott wave counts valid. However, classic technical analysis strongly supports the main Elliott wave count. Summary: An upwards breakout above 2,940 with support from volume would add...
by Lara | Sep 3, 2019 | S&P 500, S&P 500 + DJIA |
Price remains range bound with resistance about 2,940 and support about 2,920. The breakout is still expected to be in the same direction. Targets remain the same. Summary: An upwards breakout above 2,940 with support from volume would add confidence in the main wave...
by Lara | Sep 1, 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 30 August 2019 is published on the Elliott Wave Gold website. You can access the analysis here.
by Lara | Aug 30, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as the main Elliott wave count expected. All three Elliott wave counts remain valid at the end of the week, but the two alternates now have a very low probability. Summary: An upwards breakout above 2,940 with support from volume would add...
by Lara | Aug 29, 2019 | S&P 500, S&P 500 + DJIA |
Analysis of internal strength or weakness of the last few sessions indicates the main Elliott wave count is more likely. Two alternate Elliott wave counts remain valid. Summary: An upwards breakout above 2,940 with support from volume would add confidence in the main...
by Lara | Aug 28, 2019 | S&P 500, S&P 500 + DJIA |
Price remains range bound and all three Elliott wave counts remain valid. Summary: An upwards breakout above 2,940 with support from volume would add confidence in the main wave count. If this happens, then the next target is 3,120. Today an 80% up day now supports...
by Lara | Aug 27, 2019 | S&P 500, S&P 500 + DJIA |
Today the AD line, On Balance Volume and inverted VIX give signals which support alternate Elliott wave counts. Price remains range bound. The alternate Elliott wave counts expect the same direction for the breakout. Summary: A new low below 2,822.12 would indicate a...
by Lara | Aug 26, 2019 | S&P 500, S&P 500 + DJIA |
A very small range inside day leaves all Elliott wave counts unchanged. Summary: Conditions are still suggesting a sustainable low may be in place although today the absence of any strength is concerning for this view. The next target is 3,120. A new low below...
