by Lara | Mar 6, 2019 | S&P 500, S&P 500 + DJIA |
Sideways movement continues but now all of On Balance Volume, the AD line, and inverted VIX give the same signals. The Elliott wave count is updated. Summary: The channel on the daily chart is now fully breached today indicating a likely start to primary wave 2....
by Lara | Feb 14, 2019 | S&P 500, S&P 500 + DJIA |
A small range downwards day closes as a doji. Targets remain the same. The Elliott wave count remains valid and price remains within a channel. Summary: The first target is now at 2,767. Thereafter, if the structure of minor wave 5 is incomplete or if price keeps...
by Lara | Feb 8, 2019 | S&P 500, S&P 500 + DJIA |
Price moved overall lower as yesterday’s analysis expected. Summary: A breach of the black Elliott channel has indicated primary wave 2 has arrived. Primary wave 2 may last about a Fibonacci 13, 21 or 34 sessions in total. The first target is the 0.382 Fibonacci...
by Lara | Jan 22, 2019 | S&P 500, S&P 500 + DJIA |
Elliott wave structure of the last upwards movement off December 2018 lows is used to analyse what is most likely to happen for the short to mid term. Summary: The first large pullback within cycle wave V may have arrived. It may be labelled either intermediate wave...
by Lara | Jan 16, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as the main Elliott wave count expects. Summary: The target for intermediate wave (1) to end is at 2,673 with a limit at 2,731.32. The target may be met in another very few sessions. A new low now below 2,593.96 would indicate a deeper...
by Lara | Dec 18, 2018 | S&P 500, S&P 500 + DJIA |
Price keeps falling towards the target on the alternate Elliott wave count, but it is not falling quickly or with strength. Summary: It is possible a low may again be in place. A new high above 2,621.53 and a breach of the channel on the the hourly chart would add...
by Lara | Dec 12, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. A higher high and a higher low today fits the basic definition of an upwards day. The Elliott wave target remains the same. Summary: A strong bullish Hammer candlestick reversal pattern at the low indicates a trend change. The target for...
by Lara | Nov 17, 2018 | S&P 500, S&P 500 + DJIA |
To end the week, upwards movement has continued as expected. Summary: A low looks to be in place at least for the short to mid term. A target for the next wave up is now 2,882 or 3,013 (alternate wave count). Five daily charts today look at five different structures...
by Lara | Oct 30, 2018 | S&P 500, S&P 500 + DJIA |
The first Elliott wave count, which was slightly preferred, expected upwards movement for Tuesday’s session, which is what has happened. Summary: There is now a bullish candlestick reversal pattern at the low. A breakout of the blue Elliott / best-fit channel on...
