by Lara | Sep 17, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement has unfolded for Tuesday exactly as expected. Price is perfectly bouncing up off the support line on the short-term hourly chart. The Elliott wave count remains the same. Summary: The upwards trend may now resume to new all time highs. The next target...
by Lara | Sep 16, 2019 | S&P 500, S&P 500 + DJIA |
A short-term target for a little more downwards movement was at 2,981. The low for Monday has reached 2,990.67. Members were warned that the short-term target may have been a little too low. Summary: The upwards trend may now resume to new all time highs. The next...
by Lara | Sep 12, 2019 | S&P 500, S&P 500 + DJIA |
Price continues to move higher as expected. The Elliott wave target remains the same. Summary: For the short term, a little weakness in the last session suggests a pullback or consolidation may unfold here. The target for support is about 2,981. Thereafter, the...
by Lara | Sep 11, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues exactly as expected. Today the Elliott wave analysis has strong support from the AD line and On Balance Volume. Summary: The next target is 3,120. Classic analysis very strongly supports this main wave count. The biggest picture, Grand Super...
by Lara | Sep 10, 2019 | S&P 500, S&P 500 + DJIA |
Today looks like a typical back test of support after an upwards breakout. The identified area of support is holding. Targets remain the same. Summary: An upwards breakout above 2,940 with support from volume adds confidence in the wave count. The next target is...
by Lara | Sep 6, 2019 | S&P 500, S&P 500 + DJIA |
A finish to the week with a small range inside day does not change the Elliott wave count. The target remains the same and the wave count has strong support from classic technical analysis. Summary: An upwards breakout above 2,940 with support from volume adds...
by Lara | Sep 4, 2019 | S&P 500, S&P 500 + DJIA |
Another upwards day with price closing within a trading range leaves all three Elliott wave counts valid. However, classic technical analysis strongly supports the main Elliott wave count. Summary: An upwards breakout above 2,940 with support from volume would add...
by Lara | Aug 28, 2019 | S&P 500, S&P 500 + DJIA |
Price remains range bound and all three Elliott wave counts remain valid. Summary: An upwards breakout above 2,940 with support from volume would add confidence in the main wave count. If this happens, then the next target is 3,120. Today an 80% up day now supports...
by Lara | Aug 22, 2019 | S&P 500, S&P 500 + DJIA |
A breakout is expected tomorrow. The target remains the same. Summary: Conditions are still suggesting a sustainable low may be in place. The next target is 3,120. A new low below 2,822.12 would indicate a continuing deeper pullback. The first target would then be at...