by Lara | Mar 8, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement is unfolding as the Elliott wave count and classic technical analysis expected. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low below...
by Lara | Mar 6, 2017 | S&P 500, S&P 500 + DJIA |
A new low below 2,371.54 invalidated the hourly Elliott wave count and indicated a pullback has likely arrived. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low...
by Lara | Mar 4, 2017 | S&P 500, S&P 500 + DJIA |
An upwards day was expected for Friday. Price made a lower low and lower high, the definition of a downwards day, but the session closed green. Price remains above the near by invalidation point on the hourly Elliott wave count. Summary: Aggressive and more risk...
by Lara | Mar 2, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement for the day remains above the invalidation point and the breakaway gap is offering support. Volume analysis today may help to determine the direction for tomorrow. Summary: The picture is very bullish. Volume and divergence with VIX and the AD line...
by Lara | Mar 1, 2017 | S&P 500, S&P 500 + DJIA |
A new high above 2,367.79 confirmed the alternate hourly wave count, which expected more upwards movement with an increase in momentum to a target at 2,397. The high for the day was 2,400.98. Summary: The picture is very bullish. Volume supports the strong upwards...
by Lara | Feb 18, 2017 | S&P 500, S&P 500 + DJIA |
Friday completed an inside day which fits the Elliott wave count well. Summary: Minor wave 4 may continue. Price may consolidate here for another three days. A new low below 2,322.17 now would confirm minor wave 4 has arrived. At its end, minor wave 4 should offer an...
by Lara | Feb 16, 2017 | S&P 500, S&P 500 + DJIA |
Thursday’s session was expected as very likely to see price move lower due to strong and unusual divergence between price and VIX for Wednesday’s session, which was interpreted as bearish. Thursday made a slightly higher high and a higher low, the...
by Lara | Feb 13, 2017 | S&P 500, S&P 500 + DJIA |
Again, upwards movement continues as the main Elliott wave count expects. And the very bearish alternate Elliott wave count remains just viable. Summary: The target is 2,338 for the short term and 2,382 for a longer term trade. Price should find strong support about...
by Lara | Feb 8, 2017 | S&P 500, S&P 500 + DJIA |
Price moved lower today with a lower low and lower high, but the session closed strongly printing a green daily candlestick. The balance of volume was upwards. On Balance Volume gives a reasonable signal, but there has not yet been a breakout from a consolidation....
