by Lara | Apr 3, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. Price has moved a little higher. Summary: The upwards trend should continue. The mid-term Elliott wave target remains the same at 3,010 and the target calculated using the pennant pattern is at 2,956. Lowry’s Selling Pressure has...
by Lara | Mar 28, 2019 | S&P 500, S&P 500 + DJIA |
Price is moving sideways and remains range bound. The main Elliott wave count today has good support from classic technical analysis. The AD line (as an indication of market breadth) and moving averages are used to indicate the most likely breakout direction. Summary:...
by Lara | Mar 27, 2019 | S&P 500, S&P 500 + DJIA |
Price moved lower but remains above the last short-term low and the short-term invalidation point on the hourly chart. Summary: The upwards trend should resume. The mid-term target remains the same at 3,010. The final target remains the same at 3,045. Only a new low...
by Lara | Mar 25, 2019 | S&P 500, S&P 500 + DJIA |
A little more downwards movement was expected for Monday, although the short-term target at 2,796 was too high. Summary: The upwards trend should resume. The mid-term target remains the same at 3,010. The final target remains the same at 3,045. Only a new low below...
by Lara | Mar 22, 2019 | S&P 500, S&P 500 + DJIA |
While the short-term invalidation point on the hourly chart was breached on Friday, the larger picture remains mostly the same and has support from classic technical analysis. Summary: For the very short term, Monday may see a little more downwards movement. The...
by Lara | Mar 21, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards the targets. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout. A third wave up may now gather strength. A new short-term target is calculated at...
by Lara | Mar 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement has continued as expected. The target remains the same. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout. A third wave up may now gather strength. A new mid term...
by Lara | Mar 16, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as the main Elliott wave count expected. The target remains the same. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout, and requires the Elliott wave...
by Lara | Mar 11, 2019 | S&P 500, S&P 500 + DJIA |
Both Elliott wave counts for the short term expected a bounce to begin the week, which is what has happened. Summary: Targets for a multi-week pullback are 2,637 or 2,526. However, if price closes above 2,816.88 on an upwards day with support from volume, then that...
