by Lara | Sep 19, 2017 | S&P 500, S&P 500 + DJIA |
A very small doji for an inside day sees the Elliott wave counts remain the same. The AD line as a measure of market breadth today gives another signal. Summary: Assume the trend remains upwards while price remains above 2,480.38. The very clear and strong bullish...
by Lara | Sep 16, 2017 | S&P 500, S&P 500 + DJIA |
Price moved to record new all time high. Summary: On Balance Volume after Friday’s session gives bullish signals which support the alternate Elliott wave count. A short term target is at 2,531 in the first instance. If Monday sees price move lower, then a new...
by Lara | Sep 13, 2017 | S&P 500, S&P 500 + DJIA |
Again, last analysis warned that upwards movement may not be over and outlined what to look for to see if it was. There was room for more upwards movement, which is what has happened. A strong warning may come from On Balance Volume in the next 24 hours. Summary: One...
by Lara | Aug 30, 2017 | S&P 500, S&P 500 + DJIA |
A bullish signal yesterday has now been followed by another upwards day. Support from volume means a more bullish wave count is considered. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find support at...
by Lara | Aug 22, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session but the target at 2,448 was inadequate. Price moved 6.77 points above the target. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find support at...
by Lara | Aug 7, 2017 | S&P 500, S&P 500 + DJIA |
A small diamond pattern may be forming. This supports the Elliott wave count. Summary: It looks likely now that primary wave 3 may be over and primary wave 4 may be in its very early stages. Some confidence in this view may be had if price makes a new low below...
by Lara | Aug 5, 2017 | S&P 500, S&P 500 + DJIA |
A small doji at the weekly chart level now puts the trend from up to neutral, at least for the short term. Summary: Assume the trend remains up while price remains above 2,459.93. The Elliott wave target is now at 2,497, and a classic technical analysis target is at...
by Lara | Aug 1, 2017 | S&P 500, S&P 500 + DJIA |
A little more upwards movement fits both hourly Elliott wave counts. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible that primary wave 3 may be over, assume that it may continue higher while price remains above...
by Lara | Jul 22, 2017 | S&P 500, S&P 500 + DJIA |
A short term pullback was expected to begin on Friday. A downwards day completed with a lower low and a lower high, exactly as expected. Summary: The trend is up. Trading with the trend is the safest approach for your account. Use corrections as an opportunity to join...
