by Lara | Mar 16, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as the main Elliott wave count expected. The target remains the same. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout, and requires the Elliott wave...
by Lara | Feb 20, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards the target as expected. This bullish movement has support from rising market breadth and declining volatility. Summary: The target is at 2,856. If the target is wrong, it may be too high; there is very strong resistance just above at...
by Lara | Jan 25, 2019 | S&P 500, S&P 500 + DJIA |
Market breadth and volatility are used at the end of this week to indicate the direction for next week. The Elliott wave count continues to have support from rising market breadth in the AD line and declining VIX. Summary: The first large correction within cycle wave...
by Lara | Dec 25, 2018 | S&P 500, S&P 500 + DJIA |
Last analysis expected more downwards movement. The target at 2,354 was met and slightly exceeded. A new wave count is published for members today. The short and mid-term expectation is mostly the same, but this wave count has a better look at the monthly chart level....
by Lara | Dec 21, 2018 | S&P 500, S&P 500 + DJIA |
Last analysis expected more downwards movement. The next identified support area is very close by. Summary: It does not look like a low is in place yet. Expect price to continue falling. A small bounce may unfold here or very soon for the very short term for minor...
by Lara | Nov 27, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement has continued as the main Elliott wave count expected. Summary: For the short term, a low may be in place if the teal trend line offers support. A target for the next wave up is 2,973. Have some confidence in this view if price makes a new high above...
by Lara | Nov 3, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement has unfolded overall as expected for this week. Summary: Overall, now expect a bounce to last about two to a few weeks. For the short term, the last open gap may offer support at 2,685.43. A primary degree correction should last several weeks and...
by Lara | Oct 9, 2018 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected a bounce for Tuesday’s session. This is what has happened. Summary: Because of a new swing low, it now looks like there may have been a trend change. Primary wave 4 may now be in its very early stages. For the very short term,...
by Lara | Oct 3, 2018 | S&P 500, S&P 500 + DJIA |
Signals from the AD line and VIX at this time are in conflict. On Balance Volume may give a signal tomorrow indicating which of two Elliott wave counts is most likely. Summary: At this stage, it would be best to let price tell us if primary wave 3 is over or not....
