by Lara | Jun 28, 2018 | S&P 500, S&P 500 + DJIA |
Some more downwards movement, at least for the start of the session, was expected. This is exactly what happened. Summary: If price makes a new high above 2,743.19, then some confidence may be had that a low is in place. The target would be about 2,849 for the next...
by Lara | Jun 21, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the last session, but this is not what happened as price moved lower. However, price remains above the invalidation point. A new short term Elliott wave count is considered today. Summary: Bearish divergence today between price and...
by Lara | May 30, 2018 | S&P 500, S&P 500 + DJIA |
Yesterday’s main hourly Elliott wave count expected a low was in place and price should move higher the following session. This is so far exactly what is happening. The AD line gives a very important signal today, which should not be ignored and will be given...
by Lara | May 22, 2018 | S&P 500, S&P 500 + DJIA |
A signal today from On Balance Volume and VIX gives an indication of the direction for tomorrow. So far price is behaving mostly as expected, and the Elliott wave count remains the same at the daily chart level. Summary: Look for a pullback tomorrow which may end...
by Lara | May 2, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. The market opened on a gap higher and thereafter moved lower, remaining above the short term invalidation point on the hourly chart. Summary: The short term target is at 2,730. The mid / long term target is at 2,940. This analysis...
by Lara | May 1, 2018 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis gave a target for downwards movement at 2,637 to 2,635. Price moved lower to reach 2,625.41, 9.59 points below the small target zone. From there it bounced strongly higher, which was expected. Summary: The short term target is at 2,730. The...
by Lara | Apr 26, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected from the main Elliott wave count. This wave count has support from classic technical analysis, particularly signals from the AD line and On Balance Volume. Summary: Yesterday’s low may be the end of a multi week...
by Lara | Apr 21, 2018 | S&P 500, S&P 500 + DJIA |
A new low below 2,671.17 indicated a deeper pullback was underway. Summary: A pullback may continue towards 2,587 – 2,578. There should be a bounce for a B wave on the way down that may turn up Monday or Tuesday. When this pullback is done, then a new bull run...
by Lara | Apr 16, 2018 | S&P 500, S&P 500 + DJIA |
More upwards movement fits the main Elliot wave count. With price closing today above resistance and signals from the AD line and VIX, the main Elliot wave count is now favoured. Summary: While price remains above 2,645.05 the target is at 2,705, or a range from 2,752...
