by Lara | Aug 2, 2017 | S&P 500, S&P 500 + DJIA |
Sideways movement completes an outside day and fits both Elliott wave counts. This market is again range bound. Summary: Assume the trend remains up while price remains above 2,459.93. The target is at 2,500 now. A new low now below 2,459.93 would add some confidence...
by Lara | Jul 20, 2017 | S&P 500, S&P 500 + DJIA |
A little more upwards movement today reached just above the target. Summary: Another short term pullback to last about two to five days may begin tomorrow. It may pull price down to about 2,464 to 2,450. If the channel on the hourly chart is breached early tomorrow,...
by Lara | Jul 18, 2017 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected, but price has moved lower and that was not expected. Summary: The profit target is at 2,478. The upwards trend has internal strength and health. Use corrections as an opportunity to join the trend. Today’s low presented...
by Lara | Jul 15, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis expected an upwards breakout with reasonable confidence. This is exactly what has happened for Friday. Summary: The profit target is at 2,478. The upwards trend has internal strength and health. Use corrections as an opportunity to join the trend. Any...
by Lara | Jul 12, 2017 | S&P 500, S&P 500 + DJIA |
A green daily candlestick has unfolded for Wednesday’s session exactly as was expected in yesterday’s summary. With some price confidence, now the alternate and main Elliott wave counts are swapped over. Summary: An upwards breakout is expected. The profit...
by Lara | Jun 27, 2017 | S&P 500, S&P 500 + DJIA |
A new low below 2,422.88 has invalidated the main Elliott wave count and confirmed the alternate. Yesterday’s bearish divergence between price and the AD line and VIX did warn of a possible breakdown. Summary: Expect now a multi week to multi month pullback has...
by Lara | Jun 17, 2017 | S&P 500, S&P 500 + DJIA |
A small range inside week completes, which is exactly what was expected at the beginning of the week. Price is consolidating. Summary: Expect a sideways consolidation to continue into next week as well. When it is done, it should offer a good entry point to join the...
by Lara | Jun 14, 2017 | S&P 500, S&P 500 + DJIA |
Price remains range bound, which was expected. Wednesday completed an outside day that closed red. Summary: Expect a sideways consolidation to continue this week and likely into next week as well. When it is done, it should offer a good entry point to join the longer...
by Lara | Jun 8, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved higher as last analysis expected. The Elliott wave target remains the same. Summary: While price remains above 2,418.71, then expect it is more likely that this downwards movement is a smaller pullback within an ongoing upwards trend. The target is now...
