by Lara | Oct 15, 2019 | S&P 500, S&P 500 + DJIA |
Today both the AD line and inverted VIX give signals that support the main Elliott wave count. Summary: For the very short term, a little downwards movement to about 2,955 or 2,931 may complete tomorrow. Thereafter, the upwards trend may resume. The next target is at...
by Lara | Oct 14, 2019 | S&P 500, S&P 500 + DJIA |
The Elliott wave count is unchanged. Summary: For the very short term, a little downwards movement to about 2,955 or 2,931 may complete tomorrow. Thereafter, the upwards trend may resume. The next target is at 3,120. Further confidence that a low is in place and price...
by Lara | Oct 11, 2019 | S&P 500, S&P 500 + DJIA |
At the end of this week, the AD line gives another signal that strongly supports the main Elliott wave count. Summary: For the very short term, a little downwards movement to about 2,955 or 2,931 may begin on Monday. Thereafter, the upwards trend may resume. The next...
by Lara | Oct 10, 2019 | S&P 500, S&P 500 + DJIA |
Divergence between price and market breadth at the last high for price strongly supports the main Elliott wave count. Summary: For the very short term, this pullback may end in a few days about 2,882. Thereafter, the upwards trend may resume. The next target is at...
by Lara | Oct 9, 2019 | S&P 500, S&P 500 + DJIA |
Both wave counts remain valid and technical analysis still supports the main wave count. Summary: For the very short term, this pullback may end tomorrow or in a very few days about 2,890. Thereafter, the upwards trend may resume. The next target is at 3,120. Further...
by Lara | Oct 8, 2019 | S&P 500, S&P 500 + DJIA |
Some downwards movement for the short term was expected for Tuesday, which is what has happened. The short-term target was at 2,920 or 2,896. The low for the session was at 2,892.71, which was just 3.29 points below the second target. Summary: For the very short term,...
by Lara | Oct 8, 2019 | S&P 500, S&P 500 + DJIA |
Today signals from both the AD line and inverted VIX suggest the next short-term movement. The Elliott wave invalidation point for the main Elliott wave count remains the same. Summary: For the very short term, a small second wave correction may move lower tomorrow...
by Lara | Oct 5, 2019 | S&P 500, S&P 500 + DJIA |
A new high above 2,952.86 adds confidence to the main wave count. Summary: A new high above 2,952.86 at the end of Friday’s session adds confidence to the main wave count. The next target is at 3,120. Further confidence that a low is in place and price should...
by Lara | Oct 3, 2019 | S&P 500, S&P 500 + DJIA |
The bounce at the end of today’s session is carefully analysed for signs of strength or weakness to identify if the main or alternate Elliott wave count is more likely. Summary: Lack of strength in upwards movement today favours the alternate Elliott wave count....
