by Lara | Jul 28, 2017 | S&P 500, S&P 500 + DJIA |
The first target at 2,481 to 2,482 was met and passed by 2 points early in the session. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible today that primary wave 3 may be over, assume that it may continue higher...
by Lara | Jul 25, 2017 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected as most likely for Tuesday, but this is not what happened. Upwards movement has made a new all time high, but the session closed red. Summary: The trend is up. Trading with the trend is the safest approach for your account. Use...
by Lara | Jul 24, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement within a small range fits both hourly Elliott wave counts. Both VIX and the AD line today exhibit some divergence with price. With this divergence for both indicating the same direction, they both point to which hourly Elliott wave count may be more...
by Lara | Jul 17, 2017 | S&P 500, S&P 500 + DJIA |
A very small inside day leaves the Elliott wave counts mostly unchanged. Summary: In the short term, volume and divergence with the AD line suggest a green daily candlestick tomorrow and a new all time high. The profit target is at 2,478. The upwards trend has...
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 | Jun 28, 2017 | S&P 500, S&P 500 + DJIA |
A downwards day was expected for Wednesday, but this did not happen. Upwards movement invalidated the hourly Elliott wave count. 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...
by Lara | Jun 26, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count again expected upwards movement. Monday has made a higher high and a higher low above Friday, the definition of upwards movement. This was expected. Summary: While we should always assume the trend remains the same until proven otherwise,...
by Lara | Jun 24, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected upwards movement. This happened at the end of the session for the candlestick to close green, but a lower low and a lower high for the session saw price overall move down from the prior day. Summary: Assume the trend remains the...
by Lara | Jun 22, 2017 | S&P 500, S&P 500 + DJIA |
Yesterday it was noted that bullish divergence in both VIX and market breadth suggested an upwards session for Thursday. This is what has happened. Summary: Assume the trend remains the same, upwards, until proven otherwise; while price remains above 2,422.88, assume...
