by Lara | Sep 17, 2018 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point. Both Elliott wave counts remain valid. Summary: The pullback looks like is over. On Balance Volume makes new all time highs this week on the daily and weekly charts; this supports a bullish wave count. This view today...
by Lara | Sep 14, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. On Balance Volume this week gives important signals on the daily and weekly charts. Summary: The pullback looks like is over. On Balance Volume makes new all time highs this week on the daily and weekly charts; this supports a...
by Lara | Sep 12, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as the main Elliott wave count expects. The alternate Elliott wave count remains valid, but it has less support from classic technical analysis, so it is judged to have a lower probability. Summary: The pullback looks like it is over. There...
by Lara | Sep 10, 2018 | S&P 500, S&P 500 + DJIA |
A little upwards movement fits the main Elliott wave count best. Both Elliott wave counts remain valid. Summary: The probability of the bearish wave count must now be considered to have increased: there are now bearish signals from On Balance Volume, VIX and the AD...
by Lara | Sep 4, 2018 | S&P 500, S&P 500 + DJIA |
A little more downwards movement to begin the new trading week remains above identified support. The Elliott wave count remains the same. Summary: The trend is up. Assume the trend remains the same until proven otherwise. The last gap may be a breakaway gap, which may...
by Lara | Aug 29, 2018 | S&P 500, S&P 500 + DJIA |
A small shallow correction within the upwards trend was expected to unfold today but did not. The overall trend remains upwards, as expected, but there are a cluster of bearish signals developing to watch. Summary: The trend is up. Assume the trend remains the same...
by Lara | Aug 28, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues exactly as the Elliott wave count expects. On Balance Volume gives a new signal today to support the Elliott wave analysis. Summary: For the very short term, a small shallow correction may unfold tomorrow. The last gap may be a breakaway...
by Lara | Aug 25, 2018 | S&P 500, S&P 500 + DJIA |
An extremely likely new all time high for the S&P has been expected. Summary: Expect price to keep moving higher next week. We may not see another consolidation or pullback of reasonable duration until primary wave 3 is complete. The mid to longer term target is...
by Lara | Aug 23, 2018 | S&P 500, S&P 500 + DJIA |
A red daily candlestick fits expectations of overall downwards movement for the session. An outside day remains below the last high. Summary: A Gravestone Doji at the last high, weak volume for upwards movement, and a bearish signal from On Balance Volume all give a...