by Lara | Jul 15, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis expected an upwards breakout with reasonable confidence. This is exactly what has happened for Friday. Summary: The profit target is at 2,478. The upwards trend has internal strength and health. Use corrections as an opportunity to join the trend. Any...
by Lara | Jul 12, 2017 | S&P 500, S&P 500 + DJIA |
A green daily candlestick has unfolded for Wednesday’s session exactly as was expected in yesterday’s summary. With some price confidence, now the alternate and main Elliott wave counts are swapped over. Summary: An upwards breakout is expected. The profit...
by Lara | Jul 12, 2017 | S&P 500, S&P 500 + DJIA |
Price remains within confidence points for the main and alternate hourly Elliott wave counts. The breakout should come soon and simple volume analysis may be used to judge which direction is most likely. Summary: Some reasonable bullishness in classic technical...
by Lara | Jul 10, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Monday. This did not happen, but price has remained below the invalidation point on the hourly chart and at the end of Monday’s session has returned to within the channel. Summary: A strong bullish signal today from On Balance...
by Lara | Jun 27, 2017 | S&P 500, S&P 500 + DJIA |
A new low below 2,422.88 has invalidated the main Elliott wave count and confirmed the alternate. Yesterday’s bearish divergence between price and the AD line and VIX did warn of a possible breakdown. Summary: Expect now a multi week to multi month pullback has...
by Lara | Jun 26, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count again expected upwards movement. Monday has made a higher high and a higher low above Friday, the definition of upwards movement. This was expected. Summary: While we should always assume the trend remains the same until proven otherwise,...
by Lara | Jun 24, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected upwards movement. This happened at the end of the session for the candlestick to close green, but a lower low and a lower high for the session saw price overall move down from the prior day. Summary: Assume the trend remains the...
by Lara | Jun 22, 2017 | S&P 500, S&P 500 + DJIA |
Yesterday it was noted that bullish divergence in both VIX and market breadth suggested an upwards session for Thursday. This is what has happened. Summary: Assume the trend remains the same, upwards, until proven otherwise; while price remains above 2,422.88, assume...
by Lara | Jun 21, 2017 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point, but the closure of the last gap and price moving back down into the prior consolidation zone puts the breakout as false. The gap was a pattern gap and not a breakaway gap. Summary: Assume the trend remains the same, upwards,...
