by Lara | Feb 2, 2019 | S&P 500, S&P 500 + DJIA |
More upwards movement has unfolded as expected. The Elliott wave and classic analysis targets remain the same. Summary: The target for more upwards movement is at 2,804 (Elliott wave) or 2,881 (classic analysis). At about one of these targets a large pullback for a...
by Lara | Jan 9, 2019 | S&P 500, S&P 500 + DJIA |
More upwards movement has unfolded, which is what was expected for the bigger picture. Summary: For the very short term, a small pullback may find support about the lower edge of the base channel on the hourly chart. It may last about one to three days and may end...
by Lara | Dec 4, 2018 | S&P 500, S&P 500 + DJIA |
A breach of the small channel on the hourly Elliott wave chart in the third hour of today’s session saw an expectation that price may continue lower to either 2,736 or 2,696. A close at 2,700 mostly fits this expectation. Summary: Minor wave 2 may continue for...
by Lara | Nov 10, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement overall was expected for the week, which is what has happened. Summary: For the short term, another upwards wave to 2,835 may begin on Monday. After that some sideways movement or a deeper pullback may begin. Overall, this bounce is expected to be...
by Lara | Oct 16, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement indicates an alternate Elliott wave count looks more likely. Today two Elliott wave counts are again presented as options. Summary: This upwards bounce may continue now to about 2,895 or above. It may last a few more days as intermediate wave (B) or...
by Lara | Sep 17, 2018 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point. Both Elliott wave counts remain valid. Summary: The pullback looks like is over. On Balance Volume makes new all time highs this week on the daily and weekly charts; this supports a bullish wave count. This view today...
by Lara | Aug 23, 2018 | S&P 500, S&P 500 + DJIA |
A red daily candlestick fits expectations of overall downwards movement for the session. An outside day remains below the last high. Summary: A Gravestone Doji at the last high, weak volume for upwards movement, and a bearish signal from On Balance Volume all give a...
by Lara | Jul 31, 2018 | S&P 500, S&P 500 + DJIA |
A small upwards day remains below the short term Elliott wave invalidation point. Three short term Elliott wave counts are presented today. Summary: Assume that while price remains above 2,791.47 either a shallow consolidation may continue sideways for a few days or a...
by Lara | Jul 12, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards the Elliott wave and classic technical analysis targets. Summary: Another small pullback looks to be over at yesterday’s low. Support today from volume with another all time high for On Balance Volume suggest some strength to...
