by Lara | Jul 6, 2018 | S&P 500, S&P 500 + DJIA |
A strong upwards day exactly fits expectations from the Elliott wave count. At the end of the week, there is strong support for the Elliott wave count from the AD line and On Balance Volume. Summary: The AD line and On Balance Volume both make new all time highs. It...
by Lara | Jul 3, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. A higher high and a higher low fits the definition of upwards movement, although the candlestick has closed red. Summary: On Balance Volume and the AD line are very bullish, supporting the main Elliott wave...
by Lara | Jun 27, 2018 | S&P 500, S&P 500 + DJIA |
An outside day leaves both hourly wave counts valid. A new daily wave count is added today to the analysis. Summary: This pullback does not look complete. Expect downwards movement for at least the start of tomorrow’s session. The target is about 2,670. If price...
by Lara | Jun 19, 2018 | S&P 500, S&P 500 + DJIA |
A new alternate Elliott wave count for the short term picture expected another low to find support about 2,747. The low for the session was at 2,743, sitting almost perfectly on a trend line that was expected to provide final support. Summary: The pullback now looks...
by Lara | Jun 18, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to begin the new week. Monday’s candlestick has closed green, but the strong gap downwards saw a lower low and a lower high, the definition of downwards movement. Today the AD line gives another signal. Summary: Price moved lower...
by Lara | Jun 13, 2018 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected as most likely for Wednesday’s session, which is what happened. Summary: It looks like this small consolidation may end tomorrow about 2,769. Thereafter, the upwards trend is expected to resume. The mid to longer term target is at...
by Lara | Jun 12, 2018 | S&P 500, S&P 500 + DJIA |
Last analysis expected a brief shallow pullback. A small range day, closing as a doji candlestick, perfectly fits this expectation with a slightly lower high and slightly lower low. Summary: It looks slightly more likely that this small pullback may continue sideways...
by Lara | Jun 11, 2018 | S&P 500, S&P 500 + DJIA |
More upwards movement unfolded as last analysis expected. Today a candlestick pattern is balanced against analysis of On Balance Volume and the AD line to decide which short term Elliott wave count is most likely for tomorrow. Summary: A brief shallow pullback is...
by Lara | Jun 6, 2018 | S&P 500, S&P 500 + DJIA |
A strong upwards day fits expectations perfectly. The Elliott wave count has good support from classic technical analysis. Summary: The short term target is at 2,824 or 2,915. The mid to longer term target is at 2,922. The final target for this bull market to end...
