by Lara | Jan 13, 2020 | Uncategorized |
The next target is almost met. The structure may be incomplete. A new higher target is now calculated. Summary: The next target is at 3,289 or 3,332. A little sideways movement may develop here before price continues up and away. It is possible that minor wave 3 could...
by Lara | Dec 13, 2019 | Uncategorized |
The next target was at 3,179 (members were warned it may be too low). Upwards movement continued as expected for Friday reaching 3,182.68. Summary: The next target is now at 3,238, but this may be too high. Thereafter, the next target is at 3,302 and then 3,336. Three...
by Lara | Nov 20, 2019 | Uncategorized |
For the short term, a pullback was expected for this session. Price moved reasonably below the target at 3,107 to find a low at 3,091.41, 15.59 points below the target. Price remains above the invalidation point and has bounced up strongly off the low. Summary: The...
by Lara | Oct 28, 2019 | Uncategorized |
A new all time high has been expected from the S&P for some time. Today it finally arrived. The breakaway gap may offer support. Summary: The next target is at 3,120. For the very short term, closure of the gap with a new low by any amount at any time frame below...
by Lara | Oct 3, 2019 | Uncategorized |
The bounce at the end of today’s session is carefully analysed for signs of strength or weakness to identify if the main or alternate Elliott wave count is more likely. Summary: Lack of strength in upwards movement today favours the alternate Elliott wave count....
by Lara | Sep 10, 2019 | Uncategorized |
Today looks like a typical back test of support after an upwards breakout. The identified area of support is holding. Targets remain the same. Summary: An upwards breakout above 2,940 with support from volume adds confidence in the wave count. The next target is...
by Lara | Aug 15, 2019 | Uncategorized |
Another downwards day closes green with a smaller range Doji. Analysis of volume within the session supports the Elliott wave counts. Summary: Look out for a possible small counter trend bounce tomorrow up to about 2,871 or 2,898 but not above 2,943.31. Thereafter,...
by Lara | Jul 22, 2019 | Uncategorized |
A small inside day leaves the Elliott wave counts unchanged. Summary: A deeper and more time consuming correction may reach to 2,839 or below. This has support from some bearish divergence between price and all of the AD line, VIX and On Balance Volume, and a Bearish...
by Lara | Jun 26, 2019 | Uncategorized |
For the short term, a little more downwards movement was expected. Another red daily candlestick has printed with a lower low and a lower high, fitting expectations. Summary: For the very short term, a little more downwards movement may now end about 2,884. The low of...
