by Lara | Dec 4, 2018 | S&P 500, S&P 500 + DJIA |
A breach of the small channel on the hourly Elliott wave chart in the third hour of today’s session saw an expectation that price may continue lower to either 2,736 or 2,696. A close at 2,700 mostly fits this expectation. Summary: Minor wave 2 may continue for...
by Lara | Dec 3, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue. The Elliott wave target at 2,780 for a short-term interruption to the bullish trend was too low. Price reached 2,800.18. Summary: Assume the trend remains the same until proven otherwise. Assume minor wave 1 may continue...
by Lara | Nov 29, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement again continued as the main Elliott wave count expected. Today the AD line and VIX give a signal for tomorrow’s direction. Fibonacci ratios are used as targets. Summary: A target for the next wave up is 2,973. For the short term, a small...
by Lara | Nov 27, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement has continued as the main Elliott wave count expected. Summary: For the short term, a low may be in place if the teal trend line offers support. A target for the next wave up is 2,973. Have some confidence in this view if price makes a new high above...
by Lara | Nov 21, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session. A higher high and a higher low fits the definition of an upwards day. Summary: For the short term, a low may be in place if the teal trend line offers support. A target for the next wave up is either 2,843...
by Lara | Nov 15, 2018 | S&P 500, S&P 500 + DJIA |
A breach of the channel on the hourly chart indicated a low may be in place. Price has moved higher after the channel breach, which was expected. Summary: A low looks to be in place at least for the short to mid term. A target for the next wave up is now 2,882 or...
by Lara | Nov 14, 2018 | S&P 500, S&P 500 + DJIA |
A little more downwards movement towards the target has unfolded as expected. Price remains within the narrow channel on the hourly chart. Summary: Downwards movement may now be over, or it could continue for just another one or two days. If it does continue lower, a...
by Lara | Nov 12, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement has invalidated the main hourly Elliott wave count. Now the short-term structure is slightly clearer. Summary: Downwards movement may be limited here. Look for strong support about 2,700. If price keeps falling here, then look for very strong...
by Lara | Nov 10, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement overall was expected for the week, which is what has happened. Summary: For the short term, another upwards wave to 2,835 may begin on Monday. After that some sideways movement or a deeper pullback may begin. Overall, this bounce is expected to be...
