by Lara | May 14, 2019 | S&P 500, S&P 500 + DJIA |
A small range day moved price slightly higher. This fits the new short-term expectation for the Elliott wave count. Summary: For the very short term, a small and sharp bounce or a sideways consolidation may unfold over the next few sessions. Thereafter, the pullback...
by Lara | May 13, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement is now too large to look right for the main daily chart. The bigger picture remains the same. Summary: A pullback is now expected to continue for another one to very few weeks. The first target is at 2,722 and thereafter at 2,579. The low of...
by Lara | May 10, 2019 | S&P 500, S&P 500 + DJIA |
Price closed back within the channel and remains above the invalidation point. Summary: The upwards trend may now resume. The final target remains the same at 3,045. A new limit for this fifth wave to end is now at 3,057.25. The biggest picture, Grand Super Cycle...
by Lara | May 9, 2019 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected for the session to reach the lower edge of a channel. The channel was overshot and price quickly reversed to close back within it. This is mostly what was expected. Summary: The upwards trend may now resume. The final target...
by Lara | May 8, 2019 | S&P 500, S&P 500 + DJIA |
A small inside day leaves the short-term Elliott wave count unchanged. Summary: A pullback may end when price finds support at the lower edge of the maroon Elliott channel, which is drawn on both daily and hourly charts. Thereafter, the upwards trend may resume. The...
by Lara | May 7, 2019 | S&P 500, S&P 500 + DJIA |
A correction was expected for this week. Price remains within the channel on the daily chart as expected. Summary: A pullback may end when price finds support at the lower edge of the maroon Elliott channel, which is drawn on both daily and hourly charts. Thereafter,...
by Lara | May 6, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a little downwards movement to 2,894 and at least below 2,900.50 was expected to begin the week. The low for Monday at 2,898.21 fits the expectation reasonably well. Price remains range bound. Summary: A consolidation may continue sideways for...
by Lara | May 4, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a consolidation or bounce was expected. A bounce for Friday overall fits this expectation. Price remained below the invalidation point. Summary: A pullback or consolidation here for primary wave 4 may now last about a couple of weeks or so and...
by Lara | May 2, 2019 | S&P 500, S&P 500 + DJIA |
Yesterday’s Elliott wave count expected more downwards movement, and this view had support from a Bearish Engulfing candlestick reversal pattern on the daily chart. For today’s session, more downwards movement is what has occurred. Summary: Primary wave 3...
