by Lara | May 12, 2018 | S&P 500, S&P 500 + DJIA |
A strong signal from On Balance Volume adds confidence to the Elliott wave count. Summary: A short term Elliott wave target is 2,744. A short term classic analysis target is 2,811. At about one of these points a small consolidation or pullback may be expected. The...
by Lara | Apr 12, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, and so far overall what is happening. There is strong resistance at this point to be overcome before the target can be reached. Summary: If resistance about 2,670 – 2,675 can be overcome, then the upwards swing should continue. The...
by Lara | Mar 22, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement continues towards the target. Now that there is more structure in this downwards wave to analyse the target is calculated at a lower degree. Summary: The target for more downwards movement is 2,612. If this target is wrong, it may not be quite low...
by Lara | Mar 1, 2018 | S&P 500, S&P 500 + DJIA |
The new main Elliott wave count expected another downwards day, which is exactly what has happened. Summary: Expect overall downwards movement to continue to about 2,584 – 2,571. Price may find support about the 200 day moving average. Always practice good risk...
by Lara | Feb 27, 2018 | S&P 500, S&P 500 + DJIA |
An upwards day was expected to continue the new trading week for Tuesday. The session did make a higher high, but then price turned down strongly. Signals today from both the AD line and VIX indicate the direction for price tomorrow. Summary: Assume the trend for now...
by Lara | Feb 8, 2018 | S&P 500, S&P 500 + DJIA |
A new low below 2,668.62 in the first hour of trading invalidated the main hourly wave count and gave confidence to the alternate. At that stage, more downwards movement to new lows was expected. The targets have not yet been met. Summary: Downwards movement looks...
by Lara | Nov 1, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue from last analysis, which is what has happened. The short and long term targets remain the same. Summary: The Elliott wave target is at 2,616 and a new target from a small pennant pattern is 2,617. While On Balance Volume...
by Lara | Oct 31, 2017 | S&P 500, S&P 500 + DJIA |
A very small range inside day changes the very short term picture only slightly. The Elliott wave targets remain the same and can today be supplemented by a classic analysis target using a reliable short term pattern. Summary: The Elliott wave target is at 2,616 and a...
by Lara | Oct 30, 2017 | S&P 500, S&P 500 + DJIA |
A small pullback remains above the invalidation points on the hourly charts. The main Elliott wave count is still strongly favoured by volume and On Balance Volume. Summary: The target is at 2,616. Volume and On Balance Volume support this view. The small pullback...
