by Lara | Jan 9, 2019 | S&P 500, S&P 500 + DJIA |
More upwards movement has unfolded, which is what was expected for the bigger picture. Summary: For the very short term, a small pullback may find support about the lower edge of the base channel on the hourly chart. It may last about one to three days and may end...
by Lara | Jan 8, 2019 | S&P 500, S&P 500 + DJIA |
Again, upwards movement has continued as expected for the main Elliott wave count. Today a candlestick pattern suggests the direction for price tomorrow. Summary: A low may now be in place. Confidence in this view may be had if price makes a new high above 2,631.09....
by Lara | Jan 4, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for last week, which is exactly what has happened. Both Elliott wave counts remain valid, but the main Elliott wave count has more support from classic technical analysis, particularly market breadth. Summary: A low may now be in place....
by Lara | Dec 25, 2018 | S&P 500, S&P 500 + DJIA |
Last analysis expected more downwards movement. The target at 2,354 was met and slightly exceeded. A new wave count is published for members today. The short and mid-term expectation is mostly the same, but this wave count has a better look at the monthly chart level....
by Lara | Dec 21, 2018 | S&P 500, S&P 500 + DJIA |
Last analysis expected more downwards movement. The next identified support area is very close by. Summary: It does not look like a low is in place yet. Expect price to continue falling. A small bounce may unfold here or very soon for the very short term for minor...
by Lara | Dec 17, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement invalidated the main Elliott wave count. The invalidation indicated either of the two alternate Elliott wave counts may be correct. Two Elliott wave counts are used today with clear confidence and invalidation points. Summary: It is possible a low...
by Lara | Dec 11, 2018 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected a low was in place. Today a higher high and a higher low fits the definition of upwards movement, although the candlestick closed red. The Elliott wave count remains the same and the target remains the same. Summary: A strong...
by Lara | Dec 10, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement today indicated the alternate wave counts may be correct. Price has closed above the support line. Summary: A strong bullish Hammer candlestick reversal pattern today indicates a low may now be in place. The target for primary wave 5 to end is now...
by Lara | Dec 6, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement has indicated that an alternate Elliott wave count is now more likely. Today’s signals from the AD line, VIX and candlesticks are used to determine tomorrow’s most likely direction. Summary: It looks most likely that a low may again be...
