by Lara | Mar 4, 2019 | S&P 500, S&P 500 + DJIA |
Price remains range bound. Strength within this last session along with the AD line as an indicator of breadth, and VIX as an indicator of volatility, are used to determine the most likely Elliott wave count. Summary:Price remains range bound. To indicate the next...
by Lara | Feb 6, 2019 | S&P 500, S&P 500 + DJIA |
A very small range inside day sees the Elliott wave count slightly changed for the short term. A small triangle may be completing. Summary: Risk of a pullback is elevated today. Primary wave 2 may begin this week or next. Upwards movement may now be limited to no more...
by Lara | Jan 14, 2019 | S&P 500, S&P 500 + DJIA |
A very small range sideways day has prompted a slight change to the short-term outlook. The mid and long-term outlook remains the same and has support from classic technical analysis. Summary: For the short term, while price remains now above 2,520.27, a small fourth...
by Lara | Dec 10, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement today indicated the alternate wave counts may be correct. Price has closed above the support line. Summary: A strong bullish Hammer candlestick reversal pattern today indicates a low may now be in place. The target for primary wave 5 to end is now...
by Lara | Nov 14, 2018 | S&P 500, S&P 500 + DJIA |
A little more downwards movement towards the target has unfolded as expected. Price remains within the narrow channel on the hourly chart. Summary: Downwards movement may now be over, or it could continue for just another one or two days. If it does continue lower, a...
by Lara | Oct 20, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for the short term. Although price did not make a new low, the candlestick for Friday closed red and the upper wick was long. Overall, this fits expectations. Summary: For the short term, next week may see more downwards movement to a...
by Lara | Sep 20, 2018 | S&P 500, S&P 500 + DJIA |
A new all time high was expected for the main preferred Elliott wave count. Members were advised that a pullback looked to be complete as early as the 11th of September, just two days from the last low. Summary: The structure of minor wave 5 is incomplete. The target...
by Lara | Aug 28, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues exactly as the Elliott wave count expects. On Balance Volume gives a new signal today to support the Elliott wave analysis. Summary: For the very short term, a small shallow correction may unfold tomorrow. The last gap may be a breakaway...
by Lara | Aug 4, 2018 | S&P 500, S&P 500 + DJIA |
An upwards day fits expectations for the main short term Elliott wave count. Summary: Assume that while price remains above 2,791.47 either a shallow consolidation may continue sideways for a few days or a brief pullback was over at the last low. A new high above...
