by Lara | Nov 8, 2018 | S&P 500, S&P 500 + DJIA |
A small range inside day fits overall expectations. The main Elliott wave count remains the same. The alternate Elliott wave count is slightly adjusted to consider a different short-term structure. Summary: The target for this bounce to end is now 2,853. If this...
by Lara | Nov 6, 2018 | S&P 500, S&P 500 + DJIA |
A little more upwards movement was expected from the short-term hourly Elliott wave count. Summary: Overall, now expect a bounce to last about two to a few weeks. For the short term, the last open gap may offer support at 2,685.43. A primary degree correction should...
by Lara | Nov 3, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement has unfolded overall as expected for this week. Summary: Overall, now expect a bounce to last about two to a few weeks. For the short term, the last open gap may offer support at 2,685.43. A primary degree correction should last several weeks and...
by Lara | Oct 27, 2018 | S&P 500, S&P 500 + DJIA |
A new low indicated further downwards movement. The target at 2,612 was not met. Summary: A new high above 2,722.20 and a breakout of the best fit channel would indicate a low is in place. At that stage, a multi week bounce may be expected to continue towards about...
by Lara | Oct 22, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement was again expected for the new week, which is what has happened. Three Elliott wave counts remain valid. The first two have a higher probability. Summary: For the short term, next week may see more downwards movement to a new low. The target is at...
by Lara | Oct 20, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for the short term. Although price did not make a new low, the candlestick for Friday closed red and the upper wick was long. Overall, this fits expectations. Summary: For the short term, next week may see more downwards movement to a...
by Lara | Oct 17, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue. Today’s higher high and a higher low fits the definition of upwards movement. Summary: This upwards bounce may continue now to about 2,895 or above. It may last a few more days as intermediate wave (B) or (X) within...
by Lara | Oct 16, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement indicates an alternate Elliott wave count looks more likely. Today two Elliott wave counts are again presented as options. Summary: This upwards bounce may continue now to about 2,895 or above. It may last a few more days as intermediate wave (B) or...
by Lara | Oct 15, 2018 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected to begin the new week, which is what has happened. Summary: It is possible the small correction could be over. Look for another wave down to support about 2,700. It is also possible that price may continue sideways for a few days...
