by Lara | Apr 25, 2017 | S&P 500, S&P 500 + DJIA |
It looks like price has broken upwards out of a symmetrical triangle. Some trading advice on how to use gaps is offered today to members. Summary: Members with long positions may pull stops up to the lower edge of today’s gap at 2,374.15. A small pullback may...
by Lara | Apr 24, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the short term. Price remains just below the invalidation area for the Elliott wave count. Summary: The Elliott wave count expects this potential breakout is false, that price will move lower for at least a few days in choppy...
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....
by Lara | Apr 10, 2017 | S&P 500, S&P 500 + DJIA |
Price remains range bound again today. The longer price remains coiled between resistance and support, the closer and more violent the breakout will be. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a...
by Lara | Mar 27, 2017 | S&P 500, S&P 500 + DJIA |
Monday was expected to be an upwards day, but this is not what happened. Summary: The picture today looks more bearish. The alternate wave count has substantially increased in probability. A new high in the short term, above 2,354.54, would indicate the pullback is...
by Lara | Mar 22, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement continued, as expected, and found support at three different trend lines. Summary: It is reasonably likely that downwards movement may halt here because price is at multiple support lines and exhibits bullish divergence with the AD line. A new high...
by Lara | Mar 15, 2017 | S&P 500, S&P 500 + DJIA |
A very short term target expected some upwards movement for one or two days to a target zone at 2,380 to 2,383. Price moved higher as expected for Wednesday’s session, reaching 2,390.01. Summary: A deeper pullback looks very likely now to have arrived. It may...
by Lara | Mar 9, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement is again unfolding as the Elliott wave count and classic technical analysis expected. Summary: Some confidence today is had in the wave count with a breach of the Elliott channel. A deeper pullback looks very likely now to have arrived. It may last...
by Lara | Mar 7, 2017 | S&P 500, S&P 500 + DJIA |
Another day of downwards movement was expected from the Elliott wave count and from classic technical analysis. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low...
