by Lara | Dec 17, 2019 | S&P 500, S&P 500 + DJIA |
The Elliott wave count has expected overall upwards movement for almost the entire year, which is what has happened. Shorter-term pullbacks and consolidations may be indicated with warning signs from one or more of On Balance Volume, RSI, the AD line or inverted VIX....
by Lara | Dec 16, 2019 | S&P 500, S&P 500 + DJIA |
Price continues to move higher towards the next Elliott wave target exactly as expected. Today a small gap is used to calculate a new short-term target. Summary: The next target is now at 3,238 to 3,240, but this may be too high. About this target a fourth wave...
by Lara | Dec 13, 2019 | S&P 500, S&P 500 + DJIA |
The next target was at 3,179 (members were warned it may be too low). Upwards movement continued as expected for Friday reaching 3,182.68. Summary: The next target is now at 3,238, but this may be too high. Thereafter, the next target is at 3,302 and then 3,336. Three...
by Lara | Dec 12, 2019 | S&P 500, S&P 500 + DJIA |
An upwards breakout with support from volume indicates the pullback is over and the upwards trend has resumed. Summary: The upwards breakout suggests minor 4 has not yet arrived. The target for it to arrive is at 3,179, but this may be too low. Thereafter, the next...
by Lara | Dec 11, 2019 | S&P 500, S&P 500 + DJIA |
A small range upwards day continues an expected consolidation. Summary: Minor wave 4 may continue for another two weeks or so and may continue to find support about 3,070. It may be a choppy overlapping consolidation. Thereafter, the upwards trend may resume. The next...
by Lara | Dec 10, 2019 | S&P 500, S&P 500 + DJIA |
Now two small range days in a row have moved price lower. This fits with the expectation of a consolidation to continue. Summary: Minor wave 4 may continue for another two weeks or so and may continue to find support about 3,070. It may be a choppy overlapping...
by Lara | Dec 9, 2019 | S&P 500, S&P 500 + DJIA |
A very small range inside day leaves the Elliott wave count unchanged. Summary: Minor wave 4 may continue for about two weeks or so and may continue to find support about 3,070. It may be a choppy overlapping consolidation. Thereafter, the upwards trend may resume....
by Lara | Dec 6, 2019 | S&P 500, S&P 500 + DJIA |
Overall, this week’s analysis has expected a consolidation or pullback for an Elliott wave fourth wave correction. That view remains unchanged at the end of this week. Summary: Minor wave 4 may continue for about two weeks or so and may find next support about...
by Lara | Dec 5, 2019 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected for the very short term a little more upwards movement within the consolidation, which is what has happened. Summary: Minor wave 4 may continue for about two weeks or so and may find next support about 3,037. It may be a choppy...
