by Lara | Jan 15, 2020 | S&P 500, S&P 500 + DJIA |
Price is nearing the next target and more importantly the upper edge of a multi-year trend channel. A reaction downwards from there would be fairly likely. Summary: The next target is at 3,323 or 3,332. Look for strong resistance at the upper edge of the wide channel...
by Lara | Jan 14, 2020 | S&P 500, S&P 500 + DJIA |
Price continues to move higher towards the next target. The main Elliott wave count essentially remains the same. An alternate Elliott wave count is used due to the increased risk of a pullback or consolidation developing here. Summary: The next target is at 3,332. It...
by Lara | Jan 13, 2020 | S&P 500, S&P 500 + DJIA |
The next target is almost met. The structure may be incomplete. A new higher target is now calculated. Summary: The next target is at 3,289 or 3,332. A little sideways movement may develop here before price continues up and away. It is possible that minor wave 3 could...
by Lara | Jan 9, 2020 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards the target as expected. The main Elliott wave count remains bullish, at least for the short term. Summary: If price continues higher, then the next target is at 3,289. It is possible that minor wave 3 could be over. Some confidence...
by Lara | Jan 3, 2020 | S&P 500, S&P 500 + DJIA |
At this stage, specific short-term price points are used to indicate when minor wave 4 may have arrived. Summary: At this stage, it is possible that minor wave 3 could be over. Confidence in this view is required with a new low below 3,212.03. If price continues...
by Lara | Dec 27, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continued throughout this week as expected. Summary: Assume the trend remains the same until proven otherwise. Assume more upwards movement to the next short-term target at 3,268. If price makes a new low now below 3,220.51, then assume minor wave 4...
by Lara | Dec 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards the small 2 point target zone, which remains the same. The target is calculated using Elliott wave and Fibonacci ratios, and from the last open gap. Summary: The next target is now at 3,238 to 3,240, which now looks reasonable. About...
by Lara | Dec 18, 2019 | S&P 500, S&P 500 + DJIA |
Another very small range day makes a very slight new high but closes red. Price is moving sideways, which is what the Elliott wave count expected for the short term. Summary: The next target is now at 3,238 to 3,240, but this may be too high. About this target a...
by Lara | Dec 13, 2019 | S&P 500, S&P 500 + DJIA |
The next target was at 3,179 (members were warned it may be too low). Upwards movement continued as expected for Friday reaching 3,182.68. Summary: The next target is now at 3,238, but this may be too high. Thereafter, the next target is at 3,302 and then 3,336. Three...
