by Lara | Jun 6, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Another red daily candlestick has made a new low. 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 at 2,454...
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 | 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...
by Lara | Apr 24, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for the short term. Price remains just below the invalidation area for the Elliott wave count. Summary: The Elliott wave count expects this potential breakout is false, that price will move lower for at least a few days in choppy...
by Lara | Apr 15, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis expected that the S&P was now in a primary degree pullback to continue lower. To end the short trading week, Thursday saw price move lower as expected. Summary: A new target is calculated at two degrees for this pullback to end: 2,299 – 2,297....
by Lara | Apr 10, 2017 | S&P 500, S&P 500 + DJIA |
Price remains range bound again today. The longer price remains coiled between resistance and support, the closer and more violent the breakout will be. Summary: The main wave count expects an upwards breakout. The alternate expects a downwards breakout. There is a...
by Lara | Mar 27, 2017 | S&P 500, S&P 500 + DJIA |
Monday was expected to be an upwards day, but this is not what happened. Summary: The picture today looks more bearish. The alternate wave count has substantially increased in probability. A new high in the short term, above 2,354.54, would indicate the pullback is...
by Lara | Mar 15, 2017 | S&P 500, S&P 500 + DJIA |
A very short term target expected some upwards movement for one or two days to a target zone at 2,380 to 2,383. Price moved higher as expected for Wednesday’s session, reaching 2,390.01. Summary: A deeper pullback looks very likely now to have arrived. It may...
by Lara | Mar 9, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement is again unfolding as the Elliott wave count and classic technical analysis expected. Summary: Some confidence today is had in the wave count with a breach of the Elliott channel. A deeper pullback looks very likely now to have arrived. It may last...
