by Lara | Jun 14, 2017 | S&P 500, S&P 500 + DJIA |
Price remains range bound, which was expected. Wednesday completed an outside day that closed red. Summary: Expect a sideways consolidation to continue this week and likely into next week as well. When it is done, it should offer a good entry point to join the longer...
by Lara | Jun 7, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected to most likely be a small pullback within an ongoing upwards trend. The pullback has remained above the invalidation point, as expected. The target is slightly adjusted; the Elliott wave target is now only 2 points from the classic...
by Lara | Jun 6, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Another red daily candlestick has made a new low. Summary: While price remains above 2,418.71, then expect it is more likely that this downwards movement is a smaller pullback within an ongoing upwards trend. The target is now at 2,454...
by Lara | Jun 5, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Price has moved sideways to print a red daily candlestick. Summary: The target for a third wave is met and the structure is complete. If price keeps rising, then use the classic target at 2,448. This target is very close to a new...
by Lara | May 29, 2017 | S&P 500, S&P 500 + DJIA |
Another small day moves price essentially sideways. Summary: The target is at 2,440 (Elliott wave target) to 2,448 (classic analysis target). Expect upwards movement to continue. Corrections are an opportunity to add to long positions. In the short term, a new low now...
by Lara | May 13, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day leaves the analysis mostly the same. The strong floor of support about 2,377 continues to hold. Summary: Support should hold and next week should see new all time highs. The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains...
by Lara | May 5, 2017 | S&P 500, S&P 500 + DJIA |
Price remains constrained and moving sideways. Volume suggests the breakout direction. Summary: In the short term, price may move a little lower tomorrow. A small flag pattern may be completing. Volume suggests the breakout is more likely to be upwards. The measured...
by Lara | May 1, 2017 | S&P 500, S&P 500 + DJIA |
Price is range bound. A small red doji does not change the Elliott wave count. Summary: This small consolidation may present an opportunity to join the upwards trend. Stops may be set just below the last gap, which has its low at 2,356.18. The target is at 2,469. A...
by Lara | Apr 15, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis expected that the S&P was now in a primary degree pullback to continue lower. To end the short trading week, Thursday saw price move lower as expected. Summary: A new target is calculated at two degrees for this pullback to end: 2,299 – 2,297....
