by Lara | Jul 26, 2018 | S&P 500, S&P 500 + DJIA |
A small inside day gives a candlestick pattern that may suggest short term movement for the next one to very few sessions. Another signal today from the AD line adds confidence to the Elliott wave count at the daily chart level and the bigger picture. Summary: A new...
by Lara | Jul 24, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as the main Elliott wave count expects. Targets remain the same. Summary: The Elliott wave count requires more upwards movement overall, but there are now warning signs that it could be wrong. Bearish divergence from the AD line, now for two...
by Lara | Jul 23, 2018 | S&P 500, S&P 500 + DJIA |
The week has begun with a green daily candlestick, but it has a slightly lower low and a lower high than Friday’s session. Price remains above the short term invalidation point and within the small channel on the hourly chart. Summary: The bigger picture is that...
by Lara | Jul 17, 2018 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis warned that a short term pullback may occur to about 2,764. The market did gap open lower, but only to 2,789.24. Thereafter, upwards movement has resumed as the bigger picture expected. Summary: Overall, expect the upwards trend to continue....
by Lara | Jul 16, 2018 | S&P 500, S&P 500 + DJIA |
Sideways movement for Monday’s session remains within the Elliott wave channel on the hourly chart. Four signals in a row from the AD line prompt a new hourly Elliott wave count. Summary: Overall, expect the upwards trend to continue. For the short term, look...
by Lara | Jul 14, 2018 | S&P 500, S&P 500 + DJIA |
For Friday more upwards movement was expected, which is exactly what has happened. Summary: Expect the upwards trend to continue overall. On Balance Volume makes another new all time high on the daily chart, and the short term volume profile is bullish. However, the...
by Lara | Jul 12, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards the Elliott wave and classic technical analysis targets. Summary: Another small pullback looks to be over at yesterday’s low. Support today from volume with another all time high for On Balance Volume suggest some strength to...
by Lara | Jul 11, 2018 | S&P 500, S&P 500 + DJIA |
Last analysis warned that some small range downwards days or doji may show up at this stage. A small red candlestick for Wednesday’s session fits this description. Summary: Today’s short term bearish divergence between price and both of VIX and the AD line...
by Lara | Jul 9, 2018 | S&P 500, S&P 500 + DJIA |
Last end of week analysis expected that a third wave upwards was unfolding. Another strong upwards day exactly fits this expectation. Summary: The AD line and On Balance Volume again both make new all time highs today. Expect upwards movement to continue. The next...
