by Lara | Sep 23, 2019 | S&P 500, S&P 500 + DJIA |
A pullback or consolidation was expected to continue for the short term. Monday’s downwards day fits this expectation. Summary: This bull market has underlying strength to support it. For the short term, a pullback or consolidation may continue for a few days to...
by Lara | Aug 28, 2019 | S&P 500, S&P 500 + DJIA |
Price remains range bound and all three Elliott wave counts remain valid. Summary: An upwards breakout above 2,940 with support from volume would add confidence in the main wave count. If this happens, then the next target is 3,120. Today an 80% up day now supports...
by Lara | Aug 5, 2019 | S&P 500, S&P 500 + DJIA |
A new low at the open of the session invalidated the main Elliott wave count and gave confidence to the alternate. At that stage, the target for downwards movement was 2,842.28. The low for the session was at 2,822. Summary: Two wave counts today may have about even...
by Lara | Aug 3, 2019 | S&P 500, S&P 500 + DJIA |
At the end of this week, the AD line and VIX indicate the most likely Elliott wave count. Summary: The main wave count will expect intermediate wave (2) may now be over and a third wave up at two degrees may begin on Monday. The target is at 3,213. Confidence in this...
by Lara | Jul 10, 2019 | S&P 500, S&P 500 + DJIA |
A small range day makes a new all time high. Today RSI, the AD line and VIX are used to indicate which of two Elliott wave counts may be most likely. Summary: The bull market is expected to continue and corrections are expected to be shallow. A pullback looks still...
by Lara | Jun 14, 2019 | S&P 500, S&P 500 + DJIA |
A continuation of sideways movement overall was expected for this week. A small pattern may be developing on the daily chart, which may provide a classic technical analysis target to supplement the Elliott wave target. Summary: The low of December 2018 is expected to...
by Lara | May 22, 2019 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways. A small pennant pattern may be forming on the daily chart. A target is calculated using the flag pole. Summary: The low of December 2018 is expected to remain intact, and this pullback is expected to be followed by a strong third wave...
by Lara | Apr 29, 2019 | S&P 500, S&P 500 + DJIA |
A new all time high was expected this week from the S&P, which is what has happened. Summary: The upwards trend remains intact and there is underlying strength in this market still. The next mid-term target is at 3,010. A cluster of bearish signals from VIX...
by Lara | Apr 3, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price has moved a little higher. 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 Selling Pressure has...
