by Lara | Oct 12, 2017 | S&P 500, S&P 500 + DJIA |
Another very slight new all time high continues the upwards trend today. Summary: The correction may be over; while price remains above 2,541.60 now, this should be the expectation. The next target is at 2,602 to 2,614. However, there is less bullishness and more...
by Lara | Oct 10, 2017 | S&P 500, S&P 500 + DJIA |
For the very short term, a little upwards movement was expected for Tuesday’s session and this is what has happened. Tuesday put in a higher high and a higher low, closing as a doji, which is entirely normal within a correction. Summary: Two or five days of...
by Lara | Sep 28, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expects more upwards movement, and it has strong support from classic technical analysis, particularly a very bullish On Balance Volume and rising market breadth. Summary: On Balance Volume and the AD line remain very bullish, supporting...
by Lara | Sep 20, 2017 | S&P 500, S&P 500 + DJIA |
Another new high was expected, but the sharp pullback during Wednesday’s session was not expected. Price remains well above the invalidation point on the hourly Elliott wave count. On Balance Volume and the AD line give strong clues today as to what to expect...
by Lara | Sep 18, 2017 | S&P 500, S&P 500 + DJIA |
Last end of week analysis warned that On Balance Volume supported the alternate Elliott wave count and a target for more upwards movement was given. Price has moved higher as that wave count expected and the On Balance Volume signal is now clear and strong. Summary:...
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 | 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...
