by Lara | Mar 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement has continued as expected. The target remains the same. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout. A third wave up may now gather strength. A new mid term...
by Lara | Feb 22, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as last analysis expected it to. Summary: Upwards movement is slowing now it has reached a strong zone of resistance about 2,800 to 2,815. A new first target for the trend to be interrupted is at 2,814. If price reaches 2,814 and the...
by Lara | Jan 29, 2019 | S&P 500, S&P 500 + DJIA |
Another small range day remains tightly constrained between support and resistance. A developing pattern suggests the direction for a breakout. Targets may be calculated using an Elliott wave count, Fibonacci ratios and classic analysis. Summary: A small pennant...
by Lara | Jan 4, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for last week, which is exactly what has happened. Both Elliott wave counts remain valid, but the main Elliott wave count has more support from classic technical analysis, particularly market breadth. Summary: A low may now be in place....
by Lara | Nov 29, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement again continued as the main Elliott wave count expected. Today the AD line and VIX give a signal for tomorrow’s direction. Fibonacci ratios are used as targets. Summary: A target for the next wave up is 2,973. For the short term, a small...
by Lara | Nov 6, 2018 | S&P 500, S&P 500 + DJIA |
A little more upwards movement was expected from the short-term hourly Elliott wave count. Summary: Overall, now expect a bounce to last about two to a few weeks. For the short term, the last open gap may offer support at 2,685.43. A primary degree correction should...
by Lara | Oct 11, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement continued as expected, although the short term target was again inadequate. Summary: It looks most likely that price may fall further tomorrow; next support is about 2,700. Look for a candlestick reversal pattern, or an instance of bullish...
by Lara | Oct 8, 2018 | S&P 500, S&P 500 + DJIA |
A new swing low at the daily chart level indicates the Elliott wave counts should now be swapped over. Summary: Because of a new swing low, it now looks like there may have been a trend change. Primary wave 4 may now be in its very early stages. A primary degree...
by Lara | Oct 5, 2018 | S&P 500, S&P 500 + DJIA |
A signal from On Balance Volume and another signal from the AD line this week all support the alternate Elliott wave count. Price is the ultimate determinator though, so a specific price point is given for members that may indicate which wave count is correct....
