by Lara | Oct 28, 2017 | S&P 500, S&P 500 + DJIA |
A break above the short term resistance line on the hourly chart in last analysis gave a strong bullish signal. The analysis then expected a new all time high. Summary: Friday’s strong upwards day has support from volume and looks like a classic upwards breakout...
by Lara | Jun 21, 2017 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point, but the closure of the last gap and price moving back down into the prior consolidation zone puts the breakout as false. The gap was a pattern gap and not a breakaway gap. Summary: Assume the trend remains the same, upwards,...
by Lara | Feb 7, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the main Elliott wave count, but the confirmation point still has not been passed. Summary: It is increasingly likely that the next wave up has begun. This would be confirmed with a new all time high. The target is 2,338 for the short...
by Lara | Jan 26, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues, which fits the larger picture of the main Elliott wave count. In looking for an entry to join the trend classic technical analysis, particularly On Balance Volume, may be useful. Summary: Price has broken out upwards from a flag pattern. A...
by Lara | Jan 19, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved lower for the session as expected from the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is wrong, it may be a little too low. Use the trend line as...
by Lara | Jan 18, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement within the session did not make a new high. Price remains below the invalidation point on the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is...
by Lara | Jan 18, 2017 | DJIA Historical, DJT Historical, Public Analysis, S&P 500 Historical |
An analysis of monthly charts of the Dow, Transportations and the S&P500 may be helpful in identifying whether or not the current bull market is healthy and likely to continue or shows signs of weakness. Bull markets end and eventually turn into bear markets for...
by Lara | Jan 12, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the Elliott wave count and supported by classic technical analysis. Divergence with price and VIX and the AD line indicated price was likely to move lower today. Summary: Some downwards movement to find support at the lilac /...
by Lara | Sep 28, 2016 | Public Analysis, S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session. This is what happened. Summary: Classic technical analysis suggests more upwards movement tomorrow, but the preferred Elliott wave count requires downwards movement. If price makes a new high above 2,179.58,...