by Lara | Jul 6, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement for the week continues as expected, and it has support from rising market breadth and declining volatility. The Elliott wave counts remain the same. Summary: The next short-term target is at 3,058. Look for corrections to continue to be very shallow...
by Lara | Jun 13, 2019 | S&P 500, S&P 500 + DJIA |
Price remains range bound as has been expected for the week. The Elliott wave count remains the same. Summary: The low of December 2018 is expected to most likely remain intact. The target for a third wave up to end remains at 3,104. Along the way up, two...
by Lara | Jun 11, 2019 | S&P 500, S&P 500 + DJIA |
Some consolidation or pullback was expected to have begun at the end of last week. An outside day, which closes red overall, fits this expectation as at the close price was little changed from the end of last week. Summary: The low of December 2018 is expected to most...
by Lara | May 21, 2019 | S&P 500, S&P 500 + DJIA |
Price is moving sideways, which fits the first expectation for this week. Summary: The low of December 2018 is expected to remain intact, and this pullback is expected to be followed by a strong third wave up to new all time highs. Three scenarios are possible for the...
by Lara | May 18, 2019 | S&P 500, S&P 500 + DJIA |
Both the AD line and VIX at the end of the week give the same signal. In conjunction with Lowry’s data, this indicates a more bullish scenario should be dominant. The Elliott wave count has a new short to mid-term target. Summary: The low of December 2018 is...
by Lara | Apr 27, 2019 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
Upwards movement continues as expected. A new Elliott wave count at the monthly chart level is presented. Summary: The upwards trend remains intact and there is underlying strength in this market still. The next mid-term target is at 3,010. However, some near-term...
by Lara | Apr 24, 2019 | S&P 500, S&P 500 + DJIA |
A high today at 2,936.83 is very close to the last all time high at 2,940.91. The Elliott wave count has been expecting the last all time high at 2,940.91 to be challenged for many weeks now. Summary: The upwards trend remains intact and there is underlying strength...
by Lara | Apr 2, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. The Elliott wave targets remain the same. Summary: The upwards trend should continue. The mid-term Elliott wave target remains the same at 3,010 and the target calculated using the pennant pattern is at 2,956. Lowry’s...
by Lara | Mar 30, 2019 | S&P 500, S&P 500 + DJIA |
An outside day for Friday closes green as the S&P500 ends with a little strength into the close. This is what the main Elliott wave count has expected, and it now has support from classic technical analysis this week. Summary: The upwards trend should resume. The...
