by Lara | Jul 22, 2017 | S&P 500, S&P 500 + DJIA |
A short term pullback was expected to begin on Friday. A downwards day completed with a lower low and a lower high, exactly as expected. Summary: The trend is up. Trading with the trend is the safest approach for your account. Use corrections as an opportunity to join...
by Lara | Jul 9, 2017 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected for Friday, which is exactly what happened. 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 show an...
by Lara | Jun 29, 2017 | S&P 500, S&P 500 + DJIA |
A downwards session was expected for Thursday. This is exactly what happened. 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. The situation is unclear for tomorrow’s session. Volume and...
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 12, 2017 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected for Monday, which is exactly what happened. 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 term upwards trend. New...
by Lara | May 31, 2017 | S&P 500, S&P 500 + DJIA |
An outside day moved price lower to start the session. 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 term, a new low...
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 17, 2017 | S&P 500, S&P 500 + DJIA |
The main hourly Elliott wave count was invalidated within the first hour of the session. Two alternate hourly wave counts remained. Summary: Price is at support and On Balance Volume is at support, and for these reasons the main wave count will expect an end to the...
by Lara | May 16, 2017 | S&P 500, S&P 500 + DJIA |
The main wave count expected more upwards movement, which is what has happened. Targets remain the same. Summary: The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains extreme, so extreme caution is still advised. If price closes the gap by...