by Lara | Feb 19, 2020 | S&P 500, S&P 500 + DJIA |
Upwards movement to new all time highs continues exactly as the main Elliott wave count expects. The target remains the same. Summary: The trend is up. The target for the next interruption to the trend is at 3,415. A new low now below 3,355.70 would indicate...
by Lara | Feb 14, 2020 | S&P 500, S&P 500 + DJIA |
An inside day to end the session prints a Dragonfly Doji. In the context of an upwards trend, this is bullish. The alternate Elliott wave count was invalidated this week leaving only the one main Elliott wave count at this time. Targets remain the same. Summary: The...
by Lara | Jan 24, 2020 | S&P 500, S&P 500 + DJIA |
A cluster of signals (from VIX, the AD line, Friday’s candlestick and volume) suggests at the end of the week that an alternate Elliott wave count may be more likely for the short-term outlook. Summary: It is possible that minor wave 3 could be over. Reasonable...
by Lara | Jan 22, 2020 | S&P 500, S&P 500 + DJIA |
Another new all time high today reaches the next target and slightly exceeds it. Summary: The next target is at 3,379. It is again possible that minor wave 3 could be over. Some confidence in this view may be had with a new low below 3,316.61 and then a breach of the...
by Lara | Dec 26, 2019 | S&P 500, S&P 500 + DJIA |
The next target was at 3,238 to 3,240. The high this session at 3,240.48 meets expectations. Summary: Assume the trend remains the same until proven otherwise. Assume more upwards movement to the next short-term target at 3,268. If price makes a new low now below...
by Lara | Dec 20, 2019 | S&P 500, S&P 500 + DJIA |
All week upwards movement has been expected, which is exactly what has happened. Price is closing in on the target zone of 2 points, which is calculated from a gap and using Fibonacci ratios in the Elliott wave structure. Summary: The next target is now at 3,238 to...
by Lara | Dec 2, 2019 | S&P 500, S&P 500 + DJIA |
A brief and shallow correction was expected to continue lower to 3,130. Downwards movement continued further than expected, reaching a low at 3,110.78. Summary: Minor wave 4 may have begun. It may continue for about two weeks or so and may find support about 3,081. It...
by Lara | Nov 7, 2019 | S&P 500, S&P 500 + DJIA |
An interruption to the upwards trend was expected to come before 3,174.78. Today the AD line and VIX may indicate whether this interruption has arrived early or not. Summary: For the short term, some bearish divergence between price and the AD line suggests minor 4...
by Lara | Nov 5, 2019 | S&P 500, S&P 500 + DJIA |
A small downwards day remains above the Elliott wave invalidation point, and price remains within the channel on the short-term hourly chart. Overall, price is so far behaving as expected. Summary: Expect for the short term for any pullbacks to be brief and shallow on...
