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 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...
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...
