by Lara | Jul 22, 2019 | S&P 500, S&P 500 + DJIA |
A small inside day leaves the Elliott wave counts unchanged. Summary: A deeper and more time consuming correction may reach to 2,839 or below. This has support from some bearish divergence between price and all of the AD line, VIX and On Balance Volume, and a Bearish...
by Lara | Jul 20, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement at the end of Friday’s session remains above the invalidation point on the hourly chart and within the short-term best fit channel. However, at the end of the week a pattern on the weekly chart along with the AD line and inverted VIX suggest a new...
by Lara | Jul 17, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point on the daily chart. The short-term hourly chart is today relabelled after the pullback of this session. Summary: This pullback may end in another one session with a slight new low. Thereafter, the upwards trend...
by Lara | Jul 16, 2019 | S&P 500, S&P 500 + DJIA |
Yesterday’s bearish short-term divergence between price and both of the AD line and inverted VIX suggested downwards movement for today’s session. The target for a small pullback was 3,004.97. The low for the session was 3.82 points below this target....
by Lara | Jul 15, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue. A new high today fits this expectation. The two short-term Elliott wave counts today diverge very slightly, but the larger Elliott wave count remains exactly the same. Summary: The bull market is expected to continue and...
by Lara | Jul 13, 2019 | S&P 500, S&P 500 + DJIA |
New highs this week again from the S&P have support from rising market breadth. The Elliott wave count provides targets. Summary: The bull market is expected to continue and corrections are expected to be shallow. A new target for the next reasonable...
by Lara | Jul 11, 2019 | S&P 500, S&P 500 + DJIA |
A small Doji candlestick today completes an inside day. Summary: The bull market is expected to continue and corrections are expected to be shallow. A pullback looks still most likely to continue from here. It may find support at the lower edge of the best fit...
by Lara | Jul 10, 2019 | S&P 500, S&P 500 + DJIA |
A small range day makes a new all time high. Today RSI, the AD line and VIX are used to indicate which of two Elliott wave counts may be most likely. Summary: The bull market is expected to continue and corrections are expected to be shallow. A pullback looks still...
by Lara | Jul 9, 2019 | S&P 500, S&P 500 + DJIA |
As expected an outside day continues a sideways consolidation. Summary: The bull market is expected to continue and corrections are expected to be shallow. A more time consuming consolidation or pullback may have just begun. It may continue for another two weeks. The...
