by Lara | Nov 18, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards targets as expected. Summary: Tomorrow may see a small pullback to about 3,107. Thereafter, the upwards trend should resume. The next target at 3,179 is where minor wave 4 may begin (expect it to be very shallow). Thereafter, the...
by Lara | Oct 24, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement for the session unfolded with a higher high and a higher low. This was expected. Today On Balance Volume gives a reasonable signal that shall be given weight in this analysis. It supports the main hourly Elliott wave count. Summary: Upwards movement...
by Lara | Oct 1, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point and within the channel on the hourly chart. Both main and alternate Elliott wave counts remain valid. Summary: The main wave count is now in some doubt with closure of the last gap and price below the hourly...
by Lara | Sep 6, 2019 | S&P 500, S&P 500 + DJIA |
A finish to the week with a small range inside day does not change the Elliott wave count. The target remains the same and the wave count has strong support from classic technical analysis. Summary: An upwards breakout above 2,940 with support from volume adds...
by Lara | Aug 13, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement today fits the main Elliott wave count. Summary: The main wave count expects an increase in upwards momentum tomorrow. The next target is at 3,120. The alternate remains valid and today has some support from bearish divergence between price and both...
by Lara | Jun 24, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a small pullback was expected to begin the new trading week, which is what has happened. The Elliott wave count and targets remain the same. Summary: For the very short term, a little more downwards movement may find support about 2,930 to...
by Lara | May 30, 2019 | S&P 500, S&P 500 + DJIA |
A little sideways movement to complete a small range Doji candlestick fits the Elliott wave count. Price remains within the channel and below the invalidation point. Summary: The low of December 2018 is expected to most likely remain intact, and this pullback is...
by Lara | May 7, 2019 | S&P 500, S&P 500 + DJIA |
A correction was expected for this week. Price remains within the channel on the daily chart as expected. Summary: A pullback may end when price finds support at the lower edge of the maroon Elliott channel, which is drawn on both daily and hourly charts. Thereafter,...
by Lara | Apr 11, 2019 | S&P 500, S&P 500 + DJIA |
Another small range day remains below the last high. Overall, this fits the short-term expectation for the Elliott wave count. Today On Balance Volume and the AD line indicate the likely form of this current correction. Summary: A pullback or consolidation may...
