by Lara | Oct 3, 2019 | S&P 500, S&P 500 + DJIA |
The bounce at the end of today’s session is carefully analysed for signs of strength or weakness to identify if the main or alternate Elliott wave count is more likely. Summary: Lack of strength in upwards movement today favours the alternate Elliott wave count....
by Lara | Sep 10, 2019 | S&P 500, S&P 500 + DJIA |
Today looks like a typical back test of support after an upwards breakout. The identified area of support is holding. Targets remain the same. Summary: An upwards breakout above 2,940 with support from volume adds confidence in the wave count. The next target is...
by Lara | Aug 15, 2019 | S&P 500, S&P 500 + DJIA |
Another downwards day closes green with a smaller range Doji. Analysis of volume within the session supports the Elliott wave counts. Summary: Look out for a possible small counter trend bounce tomorrow up to about 2,871 or 2,898 but not above 2,943.31. Thereafter,...
by Lara | Jul 22, 2019 | S&P 500, S&P 500 + DJIA |
A small inside day leaves the Elliott wave counts unchanged. Summary: A deeper and more time consuming correction may reach to 2,839 or below. This has support from some bearish divergence between price and all of the AD line, VIX and On Balance Volume, and a Bearish...
by Lara | Jun 26, 2019 | S&P 500, S&P 500 + DJIA |
For the short term, a little more downwards movement was expected. Another red daily candlestick has printed with a lower low and a lower high, fitting expectations. Summary: For the very short term, a little more downwards movement may now end about 2,884. The low of...
by Lara | Jun 3, 2019 | S&P 500, S&P 500 + DJIA |
The first target at 2,739 to 2,738 was passed. The next target at 2,722 has not quite been met. Today the AD line and Lowry’s data is used to indicate the most likely next direction for tomorrow. Summary: The low of December 2018 is expected to most likely...
by Lara | May 9, 2019 | S&P 500, S&P 500 + DJIA |
More downwards movement was expected for the session to reach the lower edge of a channel. The channel was overshot and price quickly reversed to close back within it. This is mostly what was expected. Summary: The upwards trend may now resume. The final target...
by Lara | Apr 15, 2019 | S&P 500, S&P 500 + DJIA |
A small range downwards day saw price move mostly sideways. Price remains above the Elliott wave invalidation points and within the channel. Targets remain the same. Summary: The next target for a pullback or consolidation to begin is now at 2,918. The upwards trend...
by Lara | Mar 21, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards the targets. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout. A third wave up may now gather strength. A new short-term target is calculated at...
