by Lara | Aug 21, 2019 | S&P 500, S&P 500 + DJIA |
Another very small range day with price closing within a consolidation zone leaves the Elliott wave analysis 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...
by Lara | Aug 20, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement remains below the short-term invalidation point. The Elliott wave counts are swapped over today after analysis of internal volume and breadth in the last two sessions. Summary: Lowry’s data now shows Friday as a 90% OCO (Operating Companies...
by Lara | Aug 17, 2019 | S&P 500, S&P 500 + DJIA |
For the short term, a small amount of upwards movement to either 2,871 or 2,898 was expected for Friday. Upwards movement reached 2,893.63. Summary: Two short to mid-term bearish wave counts (main daily chart and alternate daily chart) expect a very little upwards...
by Lara | Aug 15, 2019 | S&P 500, S&P 500 + DJIA |
Another downwards day closes green with a smaller range Doji. Analysis of volume within the session supports the Elliott wave counts. Summary: Look out for a possible small counter trend bounce tomorrow up to about 2,871 or 2,898 but not above 2,943.31. Thereafter,...
by Lara | Aug 13, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement today fits the main Elliott wave count. Summary: The main wave count expects an increase in upwards momentum tomorrow. The next target is at 3,120. The alternate remains valid and today has some support from bearish divergence between price and both...
by Lara | Aug 10, 2019 | S&P 500, S&P 500 + DJIA |
A sideways inside day to end the trading week leaves both Elliott wave counts essentially the same. Classic analysis favours the main Elliott wave count. Summary: An 80% up day, a long lower wick on the weekly candlestick, closure of the last gap, and bullish...
by Lara | Aug 5, 2019 | S&P 500, S&P 500 + DJIA |
A new low at the open of the session invalidated the main Elliott wave count and gave confidence to the alternate. At that stage, the target for downwards movement was 2,842.28. The low for the session was at 2,822. Summary: Two wave counts today may have about even...
by Lara | Aug 3, 2019 | S&P 500, S&P 500 + DJIA |
At the end of this week, the AD line and VIX indicate the most likely Elliott wave count. Summary: The main wave count will expect intermediate wave (2) may now be over and a third wave up at two degrees may begin on Monday. The target is at 3,213. Confidence in this...
by Lara | Jul 29, 2019 | S&P 500, S&P 500 + DJIA |
A small range inside day leaves the Elliott wave counts and targets unchanged. Summary: A short-term target for the middle of a third wave to end is now at 3,097. A mid-term target for a third wave at intermediate degree is at 3,148. Use the best fit trend channel as...
