by Lara | Apr 6, 2017 | S&P 500, S&P 500 + DJIA |
Again, upwards movement was expected. The session closed green although it completed with a lower low and a lower high, the definition of downwards movement. Price remains range bound between resistance at about 2,370 and support at about 2,340. The breakout will...
by Lara | Mar 29, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day fits within the Elliott wave count. The candlestick closed green and the balance of volume for the session was upwards. Overall, today may be read as neutral. Summary: The next wave up to a target at 2,455 may have begun. The invalidation point is...
by Lara | Mar 28, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved higher for Tuesday as expected. A new high above 2,354.54 supports the main wave count over the alternate. Summary: The next wave up to a target at 2,455 may have begun today. The invalidation point is at 2,327.58. When a five up for minute wave i is...
by Lara | Mar 24, 2017 | S&P 500, S&P 500 + DJIA |
A little downwards movement to below 2,340.51 but not below 2,336.45 was expected during Friday’s session. Price did move lower, but it made a slight new low below 2,336.45, which was not expected. Summary: Volatility declined and market breadth improved while...
by Lara | Mar 23, 2017 | S&P 500, S&P 500 + DJIA |
Price moved overall upwards with a higher high and a higher low for the session. Upwards movement was expected. Summary: Tomorrow may begin with a little downwards movement to end below 2,340.51 but not below 2,336.45. Thereafter, price should turn up and show some...
by Lara | Mar 22, 2017 | S&P 500, S&P 500 + DJIA |
Price moved a little lower before bouncing upwards to close green at the end of the session. Summary: It is still fairly likely that a low is in place. There is further divergence today with price and the AD line, and price seems to be congested at multiple support...
by Lara | Mar 22, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement continued, as expected, and found support at three different trend lines. Summary: It is reasonably likely that downwards movement may halt here because price is at multiple support lines and exhibits bullish divergence with the AD line. A new high...
by Lara | Mar 16, 2017 | S&P 500, S&P 500 + DJIA |
Price moved lower for the session, which was what was expected for the short term from the hourly Elliott wave count. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another two days and possibly a few weeks longer. Target zones...
by Lara | Mar 11, 2017 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected from the hourly Elliott wave count published in last analysis. This is exactly what happened for Friday’s session. A target may now be calculated for the short term at two degrees. Summary: A deeper pullback looks very...