by Lara | May 27, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day saw price move sideways for Friday, remaining within the channel on the hourly chart. 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...
by Lara | May 24, 2017 | S&P 500, S&P 500 + DJIA |
The short term expected downwards movement for Wednesday, which again did not happen. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price remains above...
by Lara | Feb 23, 2017 | S&P 500, S&P 500 + DJIA |
A red daily candlestick with a long lower wick makes the Elliott wave count have a better look now at the daily chart level. Summary: The target at minor degree is recalculated to 2,399. Persistent divergence with price and vix, and now today with price and the AD...
by Lara | Feb 22, 2017 | S&P 500, S&P 500 + DJIA |
A small sideways day sees the Elliott wave count slightly adjusted, which effects the target zone. An alternate hourly Elliott wave count is provided today just in case. Summary: The target for this upwards wave to end can now be calculated at two degrees as a range...
by Lara | Feb 2, 2017 | S&P 500, S&P 500 + DJIA |
Price has made a lower high and a lower low, although it closed green. Summary: It is still more likely today that the next wave up has just begun. Confidence would be had above 2,289.14. The target is 2,338 for the short term and 2,382 for a longer term trade. If...
by Lara | Dec 15, 2016 | S&P 500, S&P 500 + DJIA |
A green daily candlestick has unfolded exactly as expected for Thursday’s session. Summary: A consolidation has begun and is likely to continue for a few more days with choppy overlapping sideways movement. Tomorrow may begin with some upwards movement to end...
by Lara | Dec 14, 2016 | S&P 500, S&P 500 + DJIA |
A breach of the channel on the hourly Elliott wave chart and a new low below 2,252.37 indicate a correction has begun. Summary: Although the alternate is labeled as such, it may have a higher probability than the main. A pullback has begun and is likely to continue...
by Lara | Nov 21, 2016 | S&P 500, S&P 500 + DJIA |
A new all time high indicates the S&P is still in a bull market. Dow Theory has confirmation. Summary: A pullback is still expected here or very soon indeed. It should begin this week. The target is still about 2,120 and the lilac trend line. Last monthly chart...
by Lara | Oct 31, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day printed a small red doji candlestick. The Elliott wave counts remain the same. Some divergence today is noted between price and the AD line, and between price and VIX. This may assist to indicate the direction for tomorrow. Summary: Upwards movement...
