by Lara | Feb 8, 2017 | S&P 500, S&P 500 + DJIA |
Price moved lower today with a lower low and lower high, but the session closed strongly printing a green daily candlestick. The balance of volume was upwards. On Balance Volume gives a reasonable signal, but there has not yet been a breakout from a consolidation....
by Lara | Feb 6, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to begin the week, but this is not what happened. Price remains above the invalidation point on the main Elliott wave count. Summary: It is increasingly likely that the next wave up has begun. This would be confirmed with a new all time...
by Lara | Jan 28, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
Careful analysis of volume, On Balance Volume, and VIX may assist to find an entry to join the current trend. Summary: Price has broken out upwards from a flag pattern. A target using the measured rule is 2,323 and an Elliott wave target is 2,382. Monday, and maybe...
by Lara | Jan 21, 2017 | S&P 500, S&P 500 + DJIA |
A little upwards movement invalidated the hourly Elliott wave count. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this target is wrong, it may be a little too low. Use the trend line as a preference. If...
by Lara | Jan 17, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the Elliott wave count and classic technical analysis for Tuesday’s session. This is what has happened. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this...
by Lara | Jan 11, 2017 | S&P 500, S&P 500 + DJIA |
Although today’s daily candlestick closed green, it made a lower high and a lower low (which is the definition of downwards movement). This was expected for the Elliott wave count. The short term resistance line on the hourly chart neatly showed where upwards...
by Lara | Dec 19, 2016 | S&P 500, S&P 500 + DJIA |
A small inside day continues a small consolidation, which was what both the daily and two hourly Elliott wave counts expected. The alternate hourly Elliott wave count will be discarded today. Summary: It is possible that the consolidation is over today. If yes, the...
by Lara | Dec 13, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for intermediate wave (3) to end is at 2,280...
by Lara | Dec 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Monday’s session. Price today has made a new all time high. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for...
