by Lara | Oct 23, 2017 | S&P 500, S&P 500 + DJIA |
A strong Bearish Engulfing candlestick pattern is a strong warning of a trend change. Summary: A fourth wave may have arrived. Reasonable confidence may be had in this view if price makes a new low below 2,457.92. The fourth wave may be relatively brief and shallow as...
by Lara | Oct 9, 2017 | S&P 500, S&P 500 + DJIA |
A breach of the small channel indicated the alternate hourly Elliott wave count should be used. Thereafter, downwards movement was expected. The candlestick has closed red today. Summary: A pullback or consolidation has most likely begun. It may be shallow, choppy,...
by Lara | Sep 12, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis offered a warning in the summary that price may move higher, and may make a new all time high. This is what has happened today. Summary: Again, there is still zero evidence that upwards movement is over. There is still no candlestick reversal pattern nor...
by Lara | Aug 24, 2017 | S&P 500, S&P 500 + DJIA |
Price is moving sideways in a small range for the last two sessions. The short term direction expected by the Elliott wave count remains the same. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find...
by Lara | May 22, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected upwards movement. This is what has happened to start the new week. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price...
by Lara | May 8, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high was expected from last analysis. The Elliott wave count remains the same and the weekly technical analysis still sounds a strong warning. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level...
by Lara | Apr 17, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected to begin the new trading week. This is not what happened. Upwards movement invalidated the hourly Elliott wave count. Summary: If price makes a new high above 2,353.99, then the alternate would have more confidence. Expect the next wave...
by Lara | Apr 12, 2017 | S&P 500, S&P 500 + DJIA |
Price is still range bound, completing an inside day. The breakout is now expected to come tomorrow. Summary: The main and alternate wave counts are swapped over today on weight of a downwards breakout by On Balance Volume. The new main wave count expects that price...
by Lara | Mar 30, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as the Elliott wave count expects overall at the daily chart level. Summary: The next wave up to a target at 2,455 may have begun. The invalidation point is at 2,322.25. When a five up for minute wave i is complete, then a three down for...
