by Lara | Jan 18, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement within the session did not make a new high. Price remains below the invalidation point on 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...
by Lara | Jan 18, 2017 | DJIA Historical, DJT Historical, Public Analysis, S&P 500 Historical |
An analysis of monthly charts of the Dow, Transportations and the S&P500 may be helpful in identifying whether or not the current bull market is healthy and likely to continue or shows signs of weakness. Bull markets end and eventually turn into bear markets for...
by Lara | Jan 13, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was again expected, but this time did not eventuate for Friday. Price moved higher but did not make a new high, and volume was weaker. Note: NYSE is closed on Monday, so there will be no new price action from BarChart to analyse. Next analysis of...
by Lara | Jan 12, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the Elliott wave count and supported by classic technical analysis. Divergence with price and VIX and the AD line indicated price was likely to move lower today. Summary: Some downwards movement to find support at the lilac /...
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 23, 2016 | S&P 500, S&P 500 + DJIA |
Another very small range day moved price essentially sideways fitting the Elliott wave count for the short term. Two hourly Elliott wave counts are provided to end the year, with the one daily Elliott wave count remaining the same. Summary: A small pennant pattern may...
by Lara | Dec 22, 2016 | S&P 500, S&P 500 + DJIA |
Another downwards day remains within the range of recent movement. The short term Elliott wave structure at the hourly chart level is relabelled, and the Elliott wave target remains the same. Summary: A small pennant pattern may be completing, the target would be...
by Lara | Dec 3, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. A small green doji completes an inside day, which mostly fits expectations. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 –...
by Lara | Dec 1, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Thursday’s session. The target at 2,190 was met and exceeded so far by 2.56 points. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 – 2,227....
