by Lara | Apr 14, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again for Friday. The session began with a gap higher, but thereafter moved lower to close red. Price remains above the invalidation point. Summary: A new low below 2,639.25 would indicate more downwards movement, and the target would be...
by Lara | Apr 11, 2018 | S&P 500, S&P 500 + DJIA |
A small inside day changes the Elliott wave counts only slightly at the hourly chart level. Summary: If resistance about 2,670 – 2,675 can be overcome, then the upwards swing should continue. The first target is at 2,705. If price keeps rising through the first...
by Lara | Apr 10, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was again expected, and that is what happened today. The target remains the same. A signal today from On Balance Volume offers a clue as to a likely direction tomorrow for price. Summary: If resistance about 2,670 – 2,675 can be overcome, then...
by Lara | Apr 10, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. An inside day is not conclusive either way with no new high nor low. Summary: The upwards swing should continue. The first target is at 2,705. If price keeps rising through the first target, then the next target is a zone from 2,752 to...
by Lara | Apr 7, 2018 | S&P 500, S&P 500 + DJIA |
A pullback within an upwards swing was expected, but it arrived a day or so earlier. Price remains above the invalidation point. Summary: The upwards swing should continue next week. The first target is at 2,705. If price keeps rising through the first target, then...
by Lara | Apr 3, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement is exactly what was expected from last analysis. Summary: Expect upwards movement this week. The target is now a range within 2,752 – 2,766. When there is more upwards structure to analyse, then a smaller target may be calculated. Do not expect...
by Lara | Mar 29, 2018 | S&P 500, S&P 500 + DJIA |
The main wave count expected upwards movement, which is exactly how the short trading week has ended. The target remains the same. Summary: The target for upwards movement is now 2,737. A new high above 2,674.78 would add confidence in an upwards swing. A bullish...
by Lara | Mar 24, 2018 | S&P 500, S&P 500 + DJIA |
The first target for downwards movement was 2,612, and thereafter the 200 day moving average at 2,584. Price ended very close to the 200 day moving average for the session at 2,588. Summary: The target for downwards movement to end Monday or Tuesday is 2,565 –...
by Lara | Mar 21, 2018 | S&P 500, S&P 500 + DJIA |
An upwards bounce and quick reversal today completes a Gravestone doji candlestick. Summary: The target for more downwards movement is 2,632. Weak bullish signals today from the AD line and VIX put slight doubt on this view. Always practice good risk management....
