by Lara | Nov 28, 2016 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point on the hourly Elliott wave count. The small downwards movement for today still fits with overall expectations. Summary: An upwards trend is in place. Corrections are an opportunity to join the trend. A sideways correction is...
by Lara | Nov 25, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued, fitting the alternate hourly Elliott wave count better than the main Elliott wave count. The target remains the same. Summary: While upwards movement continues, the next target is at 2,227. A new low below 2,182.30 would indicate the...
by Lara | Nov 12, 2016 | S&P 500, S&P 500 + DJIA |
An inside day began with downwards movement, as expected, but the target was not reached. Summary: A correction down to about 2,120 and the lilac trend line is expected next week. Use this as an opportunity to join the trend for a third wave up. Volume strongly...
by Lara | Nov 10, 2016 | S&P 500, S&P 500 + DJIA |
A red long legged doji for today’s session indicates indecision, a balance between bulls and bears. This mostly fits expectations; this session was expected to produce a small red daily candlestick. Summary: Tomorrow may begin with some downwards movement to a...
by Lara | Nov 9, 2016 | S&P 500, S&P 500 + DJIA |
A new high above 2,154.79 adds confidence to the main Elliott wave count. A new alternate is presented today, but it has a very low probability. Dow Theory today provides important confirmation. Summary: Classic analysis favours a bullish Elliott wave count. The new...
by Lara | Nov 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement to a short term target at 2,139.50 was expected. Upwards movement did unfold, but reached 7.37 points above the target. Summary: Volume does not support this upwards movement, and there is some regular bearish divergence between price and the AD line...
by Lara | Nov 7, 2016 | S&P 500, S&P 500 + DJIA |
A little more downwards movement was expected to 2,076. The downwards trend was judged to be weak on Friday. Monday has seen a very strong upwards day, with no new low at the beginning of the session. Summary: The short term target is at 2,139.50 for tomorrow....
by Lara | Nov 5, 2016 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected for Friday’s session. Friday made a slightly lower low and a lower high. Summary: Downwards movement is showing signs of weakness. With price and On Balance Volume at support, not much more downwards movement is expected. The...
by Lara | Oct 27, 2016 | S&P 500, S&P 500 + DJIA |
Last Elliott wave analysis expected Wednesday’s session to begin with a little downwards movement to end close to 2,140. Thereafter, it was expected that price would turn upwards. The low for the session was 2,131.59. The session closed green although it made a...
