by Lara | Apr 22, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – April 22, 2020 A new channel is drawn and price remains within it. The same target zone is used. Summary: The bounce may now end about 3,069 to 3,261. Thereafter, the downwards trend may resume with...
by Lara | Mar 30, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – March 30, 2020 Sideways movement in a narrow range fits the short to mid-term expectation from the Elliott wave count. Summary: Primary wave B may have begun. It may be either a quick sharp bounce or a long...
by Lara | Mar 27, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – March 27, 2020 A breach of the channel on the hourly chart by a gap down at market open indicated an alternate hourly chart was correct, which expected overall downwards movement. The session has closed red...
by Lara | Mar 4, 2020 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. Analysis of volume and breadth within this session indicates some strength. What happens tomorrow regarding volume and breadth will be important. Summary: There is no evidence to suggest the larger bull market is over. The...
by Lara | Feb 8, 2020 | S&P 500, S&P 500 + DJIA |
Downwards movement unfolded as expected for Friday. At the end of the week, all of volume, breadth and volatility are used to indicate which Elliott wave count may be most likely. Summary: A pullback or consolidation is most likely still underway. It may end sometime...
by Lara | Jan 14, 2020 | S&P 500, S&P 500 + DJIA |
Price continues to move higher towards the next target. The main Elliott wave count essentially remains the same. An alternate Elliott wave count is used due to the increased risk of a pullback or consolidation developing here. Summary: The next target is at 3,332. It...
by Lara | Nov 21, 2019 | S&P 500, S&P 500 + DJIA |
An inside day sees price remain above the invalidation point. A new short-term Elliott wave count is presented. Summary: The upwards trend may resume. The next target at 3,179 is where minor wave 4 may begin (expect it to be very shallow). A new all time high above...
by Lara | Oct 29, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement is continuing as expected. The Elliott wave count and target remain the same. Summary: The next target is at 3,120. Overall, expect upwards movement to continue. For the very short term, closure of the gap with a new low by any amount at any time...
by Lara | Oct 5, 2019 | S&P 500, S&P 500 + DJIA |
A new high above 2,952.86 adds confidence to the main wave count. Summary: A new high above 2,952.86 at the end of Friday’s session adds confidence to the main wave count. The next target is at 3,120. Further confidence that a low is in place and price should...
