by Lara | Jan 29, 2020 | S&P 500, S&P 500 + DJIA |
A small range upwards day ends with a red daily candlestick. An inconclusive day overall fits expectations of a consolidation. Summary: A pullback or consolidation has begun. It may continue now through to the end of next week and possibly a little longer. Support is...
by Lara | Jan 28, 2020 | S&P 500, S&P 500 + DJIA |
The Elliott wave count now expects a pullback or consolidation to continue. An upwards day remains below the last high and fits expectations so far. Summary: A pullback or consolidation has begun. It may continue now through to the end of next week and possibly a...
by Lara | Jan 27, 2020 | S&P 500, S&P 500 + DJIA |
A pullback or consolidation was expected to begin. A strong downwards day exactly fits expectations. Summary: A pullback or consolidation has begun. It may continue now through to the end of next week and possibly a little longer. Support is expected to be about...
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 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...
