by Lara | Oct 22, 2019 | S&P 500, S&P 500 + DJIA |
An outside day began with upwards movement, which was expected. Downwards movement to end the session remains above the invalidation point and within the trend channel. Summary: Upwards movement may continue here to new all time highs this week. The next target is at...
by Lara | Sep 27, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday. An outside day closes red. Price remains above the short-term invalidation point and within the Elliott channel. Summary: The upwards trend to new all time highs may resume next week. The next target is 3,120. A new low below...
by Lara | Sep 4, 2019 | S&P 500, S&P 500 + DJIA |
Another upwards day with price closing within a trading range leaves all three Elliott wave counts valid. However, classic technical analysis strongly supports the main Elliott wave count. Summary: An upwards breakout above 2,940 with support from volume would add...
by Lara | Aug 10, 2019 | S&P 500, S&P 500 + DJIA |
A sideways inside day to end the trading week leaves both Elliott wave counts essentially the same. Classic analysis favours the main Elliott wave count. Summary: An 80% up day, a long lower wick on the weekly candlestick, closure of the last gap, and bullish...
by Lara | Jul 16, 2019 | S&P 500, S&P 500 + DJIA |
Yesterday’s bearish short-term divergence between price and both of the AD line and inverted VIX suggested downwards movement for today’s session. The target for a small pullback was 3,004.97. The low for the session was 3.82 points below this target....
by Lara | Jun 20, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue and to show an increase in strength. A new all time high was expected. Volume for the NY Comp today at 3.8 billion shares is well above the 30 day average of 3.4 billion shares, fitting the expectation of strength in this...
by Lara | May 28, 2019 | S&P 500, S&P 500 + DJIA |
A strong downwards day indicates which short-term scenario is most likely. Summary: The low of December 2018 is expected to most likely remain intact, and this pullback is expected to be followed by a strong third wave up to new all time highs. Two scenarios remain...
by Lara | May 4, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a consolidation or bounce was expected. A bounce for Friday overall fits this expectation. Price remained below the invalidation point. Summary: A pullback or consolidation here for primary wave 4 may now last about a couple of weeks or so and...
by Lara | Apr 9, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement has indicated a larger correction may have arrived after eight consecutive upwards sessions. Volume is analysed to identify strength or weakness in today’s pullback. Summary: A pullback or consolidation may now unfold over a few days. Look for...
