by Lara | Dec 23, 2017 | S&P 500, S&P 500 + DJIA |
A small correction was expected to continue. With price moving slightly lower and closing as a small doji candlestick for Friday’s session, this is what is happening. Summary: A small fourth wave correction may continue for a few more days overall, and may...
by Lara | Dec 11, 2017 | S&P 500, S&P 500 + DJIA |
All three hourly Elliott wave counts remain valid today. Members are given some trading advice on how to handle this uncertainty. If a new all time high is seen tomorrow, then members will have an Elliott wave target to work with. Summary: The main wave count expects...
by Lara | Dec 4, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved overall higher to begin the new trading week, towards the new target provided in last analysis. Summary: For the short term, look now for a pullback to about 2,624 or 2,599. This may be a second wave correction. Thereafter, look for upwards movement to...
by Lara | Nov 25, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as was expected from the main Elliott wave count. The targets remain the same. An alternate wave count is considered, but classic technical analysis indicates it has a lower probability. Summary: The first Elliott wave target is again at...
by Lara | Oct 24, 2017 | S&P 500, S&P 500 + DJIA |
A small doji after the Bearish Engulfing Candlestick pattern completes a Bearish Harami Cross. Summary: A new wave count today will assume the trend remains the same while price remains above 2,457.92. It is published as a second alternate. If price makes a new all...
by Lara | Oct 19, 2017 | S&P 500, S&P 500 + DJIA |
Bearishness between price and market breadth, VIX and RSI was the harbinger of a pullback that occurred during Thursday’s session. Two Elliott wave counts illustrate now two possibilities for next movement, and classic analysis is used to determine the...
by Lara | Oct 6, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected but price has moved sideways for Friday to complete an inside day. The short term Elliott wave count is slightly adjusted at the hourly chart level today. Summary: Assume the trend remains up while price remains within the violet channel...
by Lara | Oct 2, 2017 | S&P 500, S&P 500 + DJIA |
Price continues higher as expected, well exceeding the last Elliott wave target and a classic analysis target using the measured rule. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next short term target is...
by Lara | Sep 28, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards targets as expected. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next target is now at 2,521 to 2,526, but now it does not look like it may be met in another one session...
