by Lara | Feb 14, 2020 | S&P 500, S&P 500 + DJIA |
An inside day to end the session prints a Dragonfly Doji. In the context of an upwards trend, this is bullish. The alternate Elliott wave count was invalidated this week leaving only the one main Elliott wave count at this time. Targets remain the same. Summary: The...
by Lara | Jan 28, 2020 | S&P 500, S&P 500 + DJIA |
The Elliott wave count now expects a pullback or consolidation to continue. An upwards day remains below the last high and fits expectations so far. Summary: A pullback or consolidation has begun. It may continue now through to the end of next week and possibly a...
by Lara | Jan 22, 2020 | S&P 500, S&P 500 + DJIA |
Another new all time high today reaches the next target and slightly exceeds it. Summary: The next target is at 3,379. It is again possible that minor wave 3 could be over. Some confidence in this view may be had with a new low below 3,316.61 and then a breach of the...
by Lara | Dec 30, 2019 | S&P 500, S&P 500 + DJIA |
A new low below 3,220.51 and the narrow channel about most recent upwards movement suggests a fourth wave correction may have arrived. Fibonacci ratios and the fourth wave of one lesser degree are used to estimate a target for support. Summary: Minor wave 4 should...
by Lara | Dec 20, 2019 | S&P 500, S&P 500 + DJIA |
All week upwards movement has been expected, which is exactly what has happened. Price is closing in on the target zone of 2 points, which is calculated from a gap and using Fibonacci ratios in the Elliott wave structure. Summary: The next target is now at 3,238 to...
by Lara | Dec 4, 2019 | S&P 500, S&P 500 + DJIA |
Last analysis expected that a consolidation had begun. An upwards day, which has not made a new high, fits within a new potential trading range. Summary: Minor wave 4 may continue for about two weeks or so and may find next support about 3,037. It may be a choppy...
by Lara | Nov 11, 2019 | S&P 500, S&P 500 + DJIA |
A small inside day leaves the Elliott wave counts the same. Summary: Overall, expect more upwards movement with shallow and / or brief corrections along the way. A third wave is continuing higher and has good support from breadth and volume. The next target is at...
by Lara | Nov 5, 2019 | S&P 500, S&P 500 + DJIA |
A small downwards day remains above the Elliott wave invalidation point, and price remains within the channel on the short-term hourly chart. Overall, price is so far behaving as expected. Summary: Expect for the short term for any pullbacks to be brief and shallow on...
by Lara | Oct 17, 2019 | S&P 500, S&P 500 + DJIA |
Overall, upwards movement was expected to continue. With price now back close to resistance at the last all time high and showing a little weakness, the risk here of a small pullback is high. Fibonacci ratios are used to judge where a pullback may find support....
