by Lara | Mar 22, 2019 | S&P 500, S&P 500 + DJIA |
While the short-term invalidation point on the hourly chart was breached on Friday, the larger picture remains mostly the same and has support from classic technical analysis. Summary: For the very short term, Monday may see a little more downwards movement. The...
by Lara | Mar 21, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards the targets. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout. A third wave up may now gather strength. A new short-term target is calculated at...
by Lara | Mar 20, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement remains well above the invalidation point and the lower edge of the channel on the main Elliott wave daily chart. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards...
by Lara | Mar 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement has continued as expected. The target remains the same. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout. A third wave up may now gather strength. A new mid term...
by Lara | Mar 18, 2019 | S&P 500, S&P 500 + DJIA |
Now that price has broken above resistance more upwards movement was expected. The Elliott wave target remains the same. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout. A third...
by Lara | Mar 16, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as the main Elliott wave count expected. The target remains the same. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout, and requires the Elliott wave...
by Lara | Mar 14, 2019 | S&P 500, S&P 500 + DJIA |
A very small range inside day is inconclusive. The short-term structure on the hourly chart prompts another way to look at the alternate Elliott wave count today. Summary: A new target for upwards movement to be interrupted by a larger correction is now about 2,896....
by Lara | Mar 13, 2019 | S&P 500, S&P 500 + DJIA |
A new high leaves the alternate Elliott wave count valid but prompts a reanalysis of this upwards wave. Two new Elliott wave counts are published for members. The main Elliott wave count has support from volume and VIX. Summary: A new target for upwards movement to be...
by Lara | Mar 12, 2019 | S&P 500, S&P 500 + DJIA |
A small range day leaves the main Elliott wave count unchanged. Summary: Targets for a multi-week pullback are 2,637 or 2,526. However, if price closes above 2,816.88 on an upwards day with support from volume, then that would be a classic upwards breakout and the...
