by Lara | Oct 2, 2019 | S&P 500, S&P 500 + DJIA |
Yesterday’s summary advised members to take the alternate Elliott wave count seriously. A new low below 2,931 invalidated the main Elliott wave count and provided confidence in the alternate Elliott wave count. At that stage, the targets were 2,923 or 2,898.47....
by Lara | Oct 1, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point and within the channel on the hourly chart. Both main and alternate Elliott wave counts remain valid. Summary: The main wave count is now in some doubt with closure of the last gap and price below the hourly...
by Lara | Sep 30, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to begin the new week. The Elliott wave target remains the same. The breakaway gap continues to provide support. Summary: The upwards trend to new all time highs may resume. The next target is 3,120. A new low below 2,931 would indicate a...
by Lara | Sep 27, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday. An outside day closes red. Price remains above the short-term invalidation point and within the Elliott channel. Summary: The upwards trend to new all time highs may resume next week. The next target is 3,120. A new low below...
by Lara | Sep 26, 2019 | S&P 500, S&P 500 + DJIA |
An inside day closes red. Upwards movement was expected today. Price remains above the short-term invalidation point, and the session ended strongly. Summary: The upwards trend to new all time highs may now resume. The next target is 3,120. A new low below 2,931 would...
by Lara | Sep 25, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the session. The session began with downwards movement, remaining above support and above the invalidation point, and then thereafter the session ended strongly to close green. Summary: The upwards trend to new all time highs may now...
by Lara | Sep 24, 2019 | S&P 500, S&P 500 + DJIA |
A pullback or consolidation was expected to continue to a short-term target at 2,975 – 2,977. The low for the session was at 2,957.73. Summary: This bull market has underlying strength to support it. The pullback may be over here. There is strong support at...
by Lara | Sep 23, 2019 | S&P 500, S&P 500 + DJIA |
A pullback or consolidation was expected to continue for the short term. Monday’s downwards day fits this expectation. Summary: This bull market has underlying strength to support it. For the short term, a pullback or consolidation may continue for a few days to...
by Lara | Sep 20, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement for Friday was expected for the short term. This week saw price move upwards as expected, with a higher high and a higher low. Summary: This week comes with more upwards movement and new all time highs from the AD line and On Balance Volume (daily...
