by Lara | Oct 19, 2017 | S&P 500, S&P 500 + DJIA |
Bearishness between price and market breadth, VIX and RSI was the harbinger of a pullback that occurred during Thursday’s session. Two Elliott wave counts illustrate now two possibilities for next movement, and classic analysis is used to determine the...
by Lara | Sep 28, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards targets as expected. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next target is now at 2,521 to 2,526, but now it does not look like it may be met in another one session...
by Lara | Aug 1, 2017 | S&P 500, S&P 500 + DJIA |
A little more upwards movement fits both hourly Elliott wave counts. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible that primary wave 3 may be over, assume that it may continue higher while price remains above...
by Lara | Apr 20, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways. Summary: Only one wave count is left now, which expects sideways movement to continue for another 20 sessions. Thereafter, the upwards trend should resume towards the final target at 2,500. New updates to this analysis are in bold....
by Lara | Dec 10, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected a pullback to last a few days, but price has continued higher. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for intermediate...
by Lara | Jun 13, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was expected for Monday but did not happen. Price has moved lower breaking below the first confirmation point for the larger picture and confirming a trend change, at least short term. Summary: A bounce for a second wave correction is still expected on...
by Lara | May 24, 2016 | S&P 500, S&P 500 + DJIA |
Last analysis expected upwards movement, which is exactly what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. The main hourly wave count expects upwards movement for another one or two days to a target at 2,099...
by Lara | May 7, 2016 | S&P 500, S&P 500 + DJIA |
A small green candlestick or a doji were expected for Friday’s session. Friday completes a small green candlestick. Summary: The probability that the upwards wave is over and the next wave down has begun is very high indeed. If the bear wave count is right (and...
by Lara | Oct 1, 2015 | S&P 500, S&P 500 + DJIA |
A little upwards movement to 1,930 – 1,932 was expected. Price moved a little higher, reaching to 1,927.21 during the session. Summary: I expect more upwards movement tomorrow. The target for this correction to end is at 1,963, but that may be too high. When the...
