by Lara | Jul 19, 2017 | S&P 500, S&P 500 + DJIA |
Yesterday’s summary stated: “Expect a green daily candlestick and upwards movement to a short term target at 2,474 – 2,475 tomorrow.” The high today is 2,473.83, just 0.17 short of the 1 point target zone. Summary: The profit target is at...
by Lara | Jun 20, 2017 | S&P 500, S&P 500 + DJIA |
A pullback was expected and support is holding. Price remains above the invalidation point. Summary: Assume the trend remains the same, upwards, until proven otherwise. This looks like an upwards breakout now followed by a pullback. Stops for long positions may be set...
by Lara | Jun 11, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement to a target at 2,448 to 2,450 was expected. Price moved higher to reach 2,446.20 before turning strongly downwards on Friday. Price fell just 1.8 points short of the 2 point target zone. Summary: Expect a sideways consolidation now for at least a...
by Lara | May 31, 2017 | S&P 500, S&P 500 + DJIA |
An outside day moved price lower to start the session. Summary: The target is at 2,440 (Elliott wave target) to 2,448 (classic analysis target). Expect upwards movement to continue. Corrections are an opportunity to add to long positions. In the short term, a new low...
by Lara | May 16, 2017 | S&P 500, S&P 500 + DJIA |
The main wave count expected more upwards movement, which is what has happened. Targets remain the same. Summary: The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains extreme, so extreme caution is still advised. If price closes the gap by...
by Lara | May 8, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high was expected from last analysis. The Elliott wave count remains the same and the weekly technical analysis still sounds a strong warning. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level...
by Lara | Apr 26, 2017 | S&P 500, S&P 500 + DJIA |
A small pullback was expected to unfold here or shortly. An upwards day closes red, with a long upper wick on the candlestick. This looks like a small pullback may have begun at the end of this session. Summary: If a small pullback remains above 2,376.98, then expect...
by Lara | Apr 20, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways. Summary: Only one wave count is left now, which expects sideways movement to continue for another 20 sessions. Thereafter, the upwards trend should resume towards the final target at 2,500. New updates to this analysis are in bold....
by Lara | Apr 12, 2017 | S&P 500, S&P 500 + DJIA |
Price is still range bound, completing an inside day. The breakout is now expected to come tomorrow. Summary: The main and alternate wave counts are swapped over today on weight of a downwards breakout by On Balance Volume. The new main wave count expects that price...
