by Lara | Nov 14, 2019 | S&P 500, S&P 500 + DJIA |
The Elliott wave target remains the same. Classic analysis supports the Elliott wave count. Summary: Some weakness is now beginning to be evident. If the next target at 3,179 is wrong, it may be too high. There is weakness in volume and breadth. However, On Balance...
by Lara | Nov 8, 2019 | S&P 500, S&P 500 + DJIA |
The S&P 500 has continued to make new highs this week exactly as the Elliott wave count expected. There is underlying strength in this market with rising breadth and new all time highs from On Balance Volume. Elliott wave targets remain the same. Summary:...
by Lara | Nov 4, 2019 | S&P 500, S&P 500 + DJIA |
Price continues on upwards towards the next target. Summary: Expect for the short term for any pullbacks to be brief and shallow on the way up to the next target at 3,179, where a shallow consolidation may begin lasting about 2 weeks. Three large pullbacks or...
by Lara | Nov 2, 2019 | S&P 500, S&P 500 + DJIA |
New all time highs were expected. This week they have shown up. The Elliott wave count targets are recalculated. Summary: The next target is at 3,179. Overall, expect upwards movement to continue and exhibit some further increase in momentum before a larger pullback...
by Lara | Oct 30, 2019 | S&P 500, S&P 500 + DJIA |
Overall upwards movement was expected. The Elliott wave target remains the same. Summary: The next target is at 3,120. Overall, expect upwards movement to continue. If price breaks below the lower edge of the best fit channel on the hourly charts, that would indicate...
by Lara | Oct 29, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement is continuing as expected. The Elliott wave count and target remain the same. Summary: The next target is at 3,120. Overall, expect upwards movement to continue. For the very short term, closure of the gap with a new low by any amount at any time...
by Lara | Oct 28, 2019 | S&P 500, S&P 500 + DJIA |
A new all time high has been expected from the S&P for some time. Today it finally arrived. The breakaway gap may offer support. Summary: The next target is at 3,120. For the very short term, closure of the gap with a new low by any amount at any time frame below...
by Lara | Oct 24, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement for the session unfolded with a higher high and a higher low. This was expected. Today On Balance Volume gives a reasonable signal that shall be given weight in this analysis. It supports the main hourly Elliott wave count. Summary: Upwards movement...
by Lara | Oct 22, 2019 | S&P 500, S&P 500 + DJIA |
An outside day began with upwards movement, which was expected. Downwards movement to end the session remains above the invalidation point and within the trend channel. Summary: Upwards movement may continue here to new all time highs this week. The next target is at...
