by Lara | Oct 16, 2019 | S&P 500, S&P 500 + DJIA |
A very little downwards movement was expected for the short term. A small range inside day mostly fits the expecation. Summary: For the very short term, a little downwards movement to about 2,968 or 2,947 may continue tomorrow. Thereafter, the upwards trend may...
by Lara | Oct 10, 2019 | S&P 500, S&P 500 + DJIA |
Divergence between price and market breadth at the last high for price strongly supports the main Elliott wave count. Summary: For the very short term, this pullback may end in a few days about 2,882. Thereafter, the upwards trend may resume. The next target is at...
by Lara | Oct 9, 2019 | S&P 500, S&P 500 + DJIA |
Both wave counts remain valid and technical analysis still supports the main wave count. Summary: For the very short term, this pullback may end tomorrow or in a very few days about 2,890. Thereafter, the upwards trend may resume. The next target is at 3,120. Further...
by Lara | Oct 8, 2019 | S&P 500, S&P 500 + DJIA |
Today signals from both the AD line and inverted VIX suggest the next short-term movement. The Elliott wave invalidation point for the main Elliott wave count remains the same. Summary: For the very short term, a small second wave correction may move lower tomorrow...
by Lara | Oct 5, 2019 | S&P 500, S&P 500 + DJIA |
A new high above 2,952.86 adds confidence to the main wave count. Summary: A new high above 2,952.86 at the end of Friday’s session adds confidence to the main wave count. The next target is at 3,120. Further confidence that a low is in place and price should...
by Lara | Oct 3, 2019 | S&P 500, S&P 500 + DJIA |
The bounce at the end of today’s session is carefully analysed for signs of strength or weakness to identify if the main or alternate Elliott wave count is more likely. Summary: Lack of strength in upwards movement today favours the alternate Elliott wave count....
by Lara | Oct 1, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point and within the channel on the hourly chart. Both main and alternate Elliott wave counts remain valid. Summary: The main wave count is now in some doubt with closure of the last gap and price below the hourly...
by Lara | Sep 27, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday. An outside day closes red. Price remains above the short-term invalidation point and within the Elliott channel. Summary: The upwards trend to new all time highs may resume next week. The next target is 3,120. A new low below...
by Lara | Sep 23, 2019 | S&P 500, S&P 500 + DJIA |
A pullback or consolidation was expected to continue for the short term. Monday’s downwards day fits this expectation. Summary: This bull market has underlying strength to support it. For the short term, a pullback or consolidation may continue for a few days to...
