by Lara | May 8, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – May 8, 2020 Price has continued overall sideways for the week, making a lower low and a lower high but closing green. The Elliott wave count remains valid. Summary: A downwards or sideways movement may...
by Lara | Apr 15, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – April 15, 2020 Today’s downwards day is analysed for signs of a reversal. Two short-term Elliott wave counts are considered. Summary: The bounce may end about 2,934 this week. If this target is wrong,...
by Lara | Mar 21, 2020 | S&P 500, S&P 500 + DJIA |
Downwards movement ended the week, which is what the main Elliott wave count had expected. Summary: It may be safest to assume the downwards trend remains intact while price remains below 2,466.97. The short-term target remains at 2,173. However, at the last low there...
by Lara | Feb 26, 2020 | S&P 500, S&P 500 + DJIA |
Downwards movement continues as last analysis expected. Next identified support has not yet been reached. Summary: The trend is up. Consolidations and pullbacks may last a few weeks but should be viewed in the bigger context of an ongoing bull market. At support they...
by Lara | Feb 1, 2020 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Friday, which is exactly what has happened. The pullback or consolidation continues as expected. Summary: A pullback or consolidation is underway. It may continue now through to the end of next week and possibly a little longer....
by Lara | Jan 6, 2020 | S&P 500, S&P 500 + DJIA |
An outside day remains within a small range. Both short-term Elliott wave counts remain valid. Summary: At this stage, it is possible that minor wave 3 could be over. Confidence in this view is required with a new low below 3,212.03. If price continues higher, then...
by Lara | Jan 3, 2020 | S&P 500, S&P 500 + DJIA |
At this stage, specific short-term price points are used to indicate when minor wave 4 may have arrived. Summary: At this stage, it is possible that minor wave 3 could be over. Confidence in this view is required with a new low below 3,212.03. If price continues...
by Lara | Dec 9, 2019 | S&P 500, S&P 500 + DJIA |
A very small range inside day leaves the Elliott wave count unchanged. Summary: Minor wave 4 may continue for about two weeks or so and may continue to find support about 3,070. It may be a choppy overlapping consolidation. Thereafter, the upwards trend may resume....
by Lara | Nov 14, 2019 | S&P 500, S&P 500 + DJIA |
The Elliott wave target remains the same. Classic analysis supports the Elliott wave count. Summary: Some weakness is now beginning to be evident. If the next target at 3,179 is wrong, it may be too high. There is weakness in volume and breadth. However, On Balance...
