by Lara | May 4, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a consolidation or bounce was expected. A bounce for Friday overall fits this expectation. Price remained below the invalidation point. Summary: A pullback or consolidation here for primary wave 4 may now last about a couple of weeks or so and...
by Lara | Apr 29, 2019 | S&P 500, S&P 500 + DJIA |
A new all time high was expected this week from the S&P, which is what has happened. Summary: The upwards trend remains intact and there is underlying strength in this market still. The next mid-term target is at 3,010. A cluster of bearish signals from VIX...
by Lara | Apr 23, 2019 | S&P 500, S&P 500 + DJIA |
An upwards breakout has support from volume today. Elliott wave targets remain the same. Summary: The upwards trend remains intact and there is underlying strength in this market still. The next mid-term target is at 3,010. The final target remains the same at 3,045....
by Lara | Apr 22, 2019 | S&P 500, S&P 500 + DJIA |
A small range day closes with price range bound. This meets the overall expectation for the Elliott wave count for the short term. Summary: A consolidation may unfold here that may be shallow and short lived. It may now end in another one or two sessions about 2,890....
by Lara | Apr 17, 2019 | S&P 500, S&P 500 + DJIA |
Some consolidation or a pullback was expected to begin. An outside day which closes red overall fits this expectation. Summary: The upwards trend remains intact. A consolidation may unfold here that may be shallow and short lived. The final target remains the same at...
by Lara | Apr 16, 2019 | S&P 500, S&P 500 + DJIA |
A short-term target for a pullback or consolidation was 2,918. Today’s high at 2,916.06 is just 1.94 points short of the target. Summary: The upwards trend remains intact. A consolidation may unfold here that may be shallow and short lived. The final target...
by Lara | Apr 15, 2019 | S&P 500, S&P 500 + DJIA |
A small range downwards day saw price move mostly sideways. Price remains above the Elliott wave invalidation points and within the channel. Targets remain the same. Summary: The next target for a pullback or consolidation to begin is now at 2,918. The upwards trend...
by Lara | Apr 11, 2019 | S&P 500, S&P 500 + DJIA |
Another small range day remains below the last high. Overall, this fits the short-term expectation for the Elliott wave count. Today On Balance Volume and the AD line indicate the likely form of this current correction. Summary: A pullback or consolidation may...
by Lara | Apr 9, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement has indicated a larger correction may have arrived after eight consecutive upwards sessions. Volume is analysed to identify strength or weakness in today’s pullback. Summary: A pullback or consolidation may now unfold over a few days. Look for...
