by Lara | Jul 10, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Monday. This did not happen, but price has remained below the invalidation point on the hourly chart and at the end of Monday’s session has returned to within the channel. Summary: A strong bullish signal today from On Balance...
by Lara | Jul 6, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved strongly lower exactly as the last published Elliott wave count expected. Summary: Expect now a multi week to multi month pullback has begun. The target zone for it to end is about 2,400 to 2,322. Expect downwards movement from here to now start to...
by Lara | Jun 3, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. The Elliott wave target has been reached, but the classic technical analysis target using the measured rule has not yet been reached. Summary: The target for a third wave is met and the structure is complete. If price keeps rising, then...
by Lara | Jun 1, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue. The targets remain the same. Summary: The target is at 2,440 (Elliott wave target) to 2,448 (classic analysis target). Expect upwards movement to continue. Corrections are an opportunity to add to long positions. In the short...
by Lara | May 20, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected more upwards movement to end the week, which is what happened. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price...
by Lara | May 5, 2017 | S&P 500, S&P 500 + DJIA |
Price remains constrained and moving sideways. Volume suggests the breakout direction. Summary: In the short term, price may move a little lower tomorrow. A small flag pattern may be completing. Volume suggests the breakout is more likely to be upwards. The measured...
by Lara | May 3, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
The consolidation continues sideways and support is still at about 2,380. Summary: A small flag pattern may be completing. Volume suggests the breakout is more likely to be upwards. The measured rule gives a target about 2,459. The Elliott wave analysis gives a target...
by Lara | May 1, 2017 | S&P 500, S&P 500 + DJIA |
Price is range bound. A small red doji does not change the Elliott wave count. Summary: This small consolidation may present an opportunity to join the upwards trend. Stops may be set just below the last gap, which has its low at 2,356.18. The target is at 2,469. A...
by Lara | Apr 29, 2017 | S&P 500, S&P 500 + DJIA |
An outside day remains above support. Classic analysis with a heavy reliance on On Balance Volume is used to determine which Elliott wave count is more likely. Summary: A brief shallow pullback may have moved sideways and slightly lower on Friday. This may present an...
