by Lara | Jul 29, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day sees the Elliott wave count only slightly changed at the hourly chart level. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible today that primary wave 3 may be over, assume that it may continue...
by Lara | May 20, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected more upwards movement to end the week, which is what happened. 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 3, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
The consolidation continues sideways and support is still at about 2,380. Summary: A small flag pattern may be completing. Volume suggests the breakout is more likely to be upwards. The measured rule gives a target about 2,459. The Elliott wave analysis gives a target...
by Lara | Apr 24, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the short term. Price remains just below the invalidation area for the Elliott wave count. Summary: The Elliott wave count expects this potential breakout is false, that price will move lower for at least a few days in choppy...
by Lara | Apr 15, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis expected that the S&P was now in a primary degree pullback to continue lower. To end the short trading week, Thursday saw price move lower as expected. Summary: A new target is calculated at two degrees for this pullback to end: 2,299 – 2,297....
by Lara | Apr 10, 2017 | S&P 500, S&P 500 + DJIA |
Price remains range bound again today. The longer price remains coiled between resistance and support, the closer and more violent the breakout will be. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a...
by Lara | Mar 6, 2017 | S&P 500, S&P 500 + DJIA |
A new low below 2,371.54 invalidated the hourly Elliott wave count and indicated a pullback has likely arrived. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low...
by Lara | Feb 14, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. A very bearish alternate (which was judged to have a very low probability) has been invalidated today. This adds confidence to the main Elliott wave count and the targets. Summary: The short term target at 2,338 has almost been...
