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...
by Lara | Aug 6, 2019 | S&P 500, S&P 500 + DJIA |
The internal strength of this upwards day is analysed to determine which Elliott wave count looks more likely. Summary: The wave counts are today swapped over. The main Elliott wave count now expects the pullback may continue lower to 2,663 or 2,579. A new low below...
by Lara | Aug 5, 2019 | S&P 500, S&P 500 + DJIA |
A new low at the open of the session invalidated the main Elliott wave count and gave confidence to the alternate. At that stage, the target for downwards movement was 2,842.28. The low for the session was at 2,822. Summary: Two wave counts today may have about even...
