by Lara | Aug 22, 2018 | S&P 500, S&P 500 + DJIA |
A pullback was expected to begin the new trading week. A lower low and a lower high fits this expectation exactly. Summary: A Gravestone Doji at the last high is a strong warning that a pullback may unfold here. If it does, then the target for it to end is now at...
by Lara | Aug 20, 2018 | S&P 500, S&P 500 + DJIA |
A very small upwards day fits short term expectations exactly. The main Elliott wave count remains the same and has support from the short term volume profile. Summary: Look for a final small pullback that may take one to three days to unfold and may end about 2,824....
by Lara | Aug 16, 2018 | S&P 500, S&P 500 + DJIA |
An upwards day that remains within the current small consolidation zone fits expectations for the main short term Elliott wave count, which expected more sideways movement. Summary: It still looks most likely that price may continue sideways for another two to few...
by Lara | Aug 11, 2018 | S&P 500, S&P 500 + DJIA |
Price moved lower for Friday exactly as the main short term Elliott wave count expected. The week closes with a Shooting Star candlestick pattern. Summary: Shooting Star candlesticks indicate this pullback is not complete. The Elliott wave count expects it to end...
by Lara | Aug 6, 2018 | S&P 500, S&P 500 + DJIA |
Last Friday’s analysis expected the new week to begin with upwards movement that was reasonably likely to make a new high above 2,848.03. A high today at 2,853.21 fits the expectation. Summary: Some weakness in upwards movement suggests another small pullback...
by Lara | Aug 4, 2018 | S&P 500, S&P 500 + DJIA |
An upwards day fits expectations for the main short term Elliott wave count. Summary: Assume that while price remains above 2,791.47 either a shallow consolidation may continue sideways for a few days or a brief pullback was over at the last low. A new high above...
by Lara | Aug 1, 2018 | S&P 500, S&P 500 + DJIA |
A small upwards day closes red. Yesterday’s analysis expected a shallow consolidation may continue sideways, which is exactly what is happening so far. Summary: Assume that while price remains above 2,791.47 either a shallow consolidation may continue sideways...
by Lara | Jul 31, 2018 | S&P 500, S&P 500 + DJIA |
A small upwards day remains below the short term Elliott wave invalidation point. Three short term Elliott wave counts are presented today. Summary: Assume that while price remains above 2,791.47 either a shallow consolidation may continue sideways for a few days or a...
by Lara | Jul 30, 2018 | S&P 500, S&P 500 + DJIA |
Last analysis expected a pullback or consolidation to begin the new trading week. A red daily candlestick fits this expectation perfectly. Summary: Expect that a shallow consolidation is most likely unfolding while price remains above 2,791.47. Expect the...
