by Lara | Apr 6, 2017 | S&P 500, S&P 500 + DJIA |
Again, upwards movement was expected. The session closed green although it completed with a lower low and a lower high, the definition of downwards movement. Price remains range bound between resistance at about 2,370 and support at about 2,340. The breakout will...
by Lara | Mar 22, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement continued, as expected, and found support at three different trend lines. Summary: It is reasonably likely that downwards movement may halt here because price is at multiple support lines and exhibits bullish divergence with the AD line. A new high...
by Lara | Mar 1, 2017 | S&P 500, S&P 500 + DJIA |
A new high above 2,367.79 confirmed the alternate hourly wave count, which expected more upwards movement with an increase in momentum to a target at 2,397. The high for the day was 2,400.98. Summary: The picture is very bullish. Volume supports the strong upwards...
by Lara | Jul 14, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count from yesterday’s analysis expected price to move higher. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price remains within the channel on the hourly chart, and...
by Lara | Jun 23, 2016 | S&P 500, S&P 500 + DJIA |
Another small range day moved price lower, which the main Elliott wave count expected, but today classic technical analysis strongly suggests the price direction for tomorrow and so a new hourly chart is published today. Summary: VIX today strongly suggests higher...
by Lara | Jun 4, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Price made a lower high and a lower low for the session. Summary: Downwards movement is still expected for next week; a first wave down is unfolding. The mid term target at 1,916 may be met in another 20 sessions. The long term target...
by Lara | May 17, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected from the main hourly Elliott wave count, which is what happened. Summary: The hourly wave counts are swapped over today. The new main count expects downwards movement to accelerate this week, with a short term target at 1,988 and a long...
by Lara | Apr 28, 2016 | S&P 500, S&P 500 + DJIA |
Another small range day for another doji, now four in a row. The squeeze on price should be over very shortly. Summary: The possibility of new highs will remain while price remains above 2,039.74. A breach of the support line at the daily chart level would indicate a...
by Lara | Mar 7, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day fits both Elliott wave counts. Summary: Confirmation that the correction is over is required with a new low below 1,962.96. Upwards movement may continue while price remains above this point. A low below 1,962.96 by any amount at any time frame...
