by Lara | Oct 11, 2019 | S&P 500, S&P 500 + DJIA |
At the end of this week, the AD line gives another signal that strongly supports the main Elliott wave count. Summary: For the very short term, a little downwards movement to about 2,955 or 2,931 may begin on Monday. Thereafter, the upwards trend may resume. The next...
by Lara | Sep 24, 2019 | S&P 500, S&P 500 + DJIA |
A pullback or consolidation was expected to continue to a short-term target at 2,975 – 2,977. The low for the session was at 2,957.73. Summary: This bull market has underlying strength to support it. The pullback may be over here. There is strong support at...
by Lara | Sep 18, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to resume. The session has closed as an outside day with a strong finish and a green daily candlestick. Summary: The upwards trend may now resume to new all time highs. Downside risk is at 2,931 for the short term. The next target is...
by Lara | Aug 29, 2019 | S&P 500, S&P 500 + DJIA |
Analysis of internal strength or weakness of the last few sessions indicates the main Elliott wave count is more likely. Two alternate Elliott wave counts remain valid. Summary: An upwards breakout above 2,940 with support from volume would add confidence in the main...
by Lara | Aug 24, 2019 | S&P 500, S&P 500 + DJIA |
Price remains constrained within a small zone of support and resistance. The three Elliott wave counts remain the same. Summary: Conditions are still suggesting a sustainable low may be in place. The next target is 3,120. A new low below 2,822.12 would indicate a...
by Lara | Aug 6, 2019 | S&P 500, S&P 500 + DJIA |
The internal strength of this upwards day is analysed to determine which Elliott wave count looks more likely. Summary: The wave counts are today swapped over. The main Elliott wave count now expects the pullback may continue lower to 2,663 or 2,579. A new low below...
by Lara | Jul 30, 2019 | S&P 500, S&P 500 + DJIA |
Another test of support today saw price bounce again. The AD line today sends a strong indication of what to expect tomorrow; this supports the Elliott wave count. Summary: A short-term target for the middle of a third wave to end is now at 3,097. A mid-term target...
by Lara | Jul 11, 2019 | S&P 500, S&P 500 + DJIA |
A small Doji candlestick today completes an inside day. Summary: The bull market is expected to continue and corrections are expected to be shallow. A pullback looks still most likely to continue from here. It may find support at the lower edge of the best fit...
by Lara | Jul 6, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement for the week continues as expected, and it has support from rising market breadth and declining volatility. The Elliott wave counts remain the same. Summary: The next short-term target is at 3,058. Look for corrections to continue to be very shallow...
