by Lara | Mar 11, 2019 | S&P 500, S&P 500 + DJIA |
Both Elliott wave counts for the short term expected a bounce to begin the week, which is what has happened. Summary: Targets for a multi-week pullback are 2,637 or 2,526. However, if price closes above 2,816.88 on an upwards day with support from volume, then that...
by Lara | Feb 13, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as the Elliott wave count expected. The target remains the same. Summary: A target now is at 2,856 for the short term. The upwards trend should be assumed to continue as long as price remains above 2,718.05. A new low below 2,718.05 would...
by Lara | Dec 17, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement invalidated the main Elliott wave count. The invalidation indicated either of the two alternate Elliott wave counts may be correct. Two Elliott wave counts are used today with clear confidence and invalidation points. Summary: It is possible a low...
by Lara | Nov 21, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session. A higher high and a higher low fits the definition of an upwards day. Summary: For the short term, a low may be in place if the teal trend line offers support. A target for the next wave up is either 2,843...
by Lara | Oct 27, 2018 | S&P 500, S&P 500 + DJIA |
A new low indicated further downwards movement. The target at 2,612 was not met. Summary: A new high above 2,722.20 and a breakout of the best fit channel would indicate a low is in place. At that stage, a multi week bounce may be expected to continue towards about...
by Lara | Sep 27, 2018 | S&P 500, S&P 500 + DJIA |
A small range inside day does not offer clarity as to which Elliott wave count is correct. Candlesticks and the short term volume profile are analysed to determine the most likely direction for tomorrow. Summary: At this stage, it would be best to let price tell us if...
by Lara | Sep 4, 2018 | S&P 500, S&P 500 + DJIA |
A little more downwards movement to begin the new trading week remains above identified support. The Elliott wave count remains the same. Summary: The trend is up. Assume the trend remains the same until proven otherwise. The last gap may be a breakaway gap, which may...
by Lara | Aug 11, 2018 | S&P 500, S&P 500 + DJIA |
Price moved lower for Friday exactly as the main short term Elliott wave count expected. The week closes with a Shooting Star candlestick pattern. Summary: Shooting Star candlesticks indicate this pullback is not complete. The Elliott wave count expects it to end...
by Lara | Jul 23, 2018 | S&P 500, S&P 500 + DJIA |
The week has begun with a green daily candlestick, but it has a slightly lower low and a lower high than Friday’s session. Price remains above the short term invalidation point and within the small channel on the hourly chart. Summary: The bigger picture is that...
