by Lara | Feb 26, 2019 | S&P 500, S&P 500 + DJIA |
A little downwards movement sees price remain within the channel on the daily chart. Summary: The bigger picture still expects that a low may now be in place. The final target is at 3,045 with a limit at 3,477.39. Along the way up to the final target, two large...
by Lara | Jan 31, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues exactly as expected towards the targets. Summary: The target for more upwards movement is at 2,804 (Elliott wave) or 2,881 (classic analysis). At about one of these targets a large pullback for a second wave at primary degree may begin. For...
by Lara | Jan 8, 2019 | S&P 500, S&P 500 + DJIA |
Again, upwards movement has continued as expected for the main Elliott wave count. Today a candlestick pattern suggests the direction for price tomorrow. Summary: A low may now be in place. Confidence in this view may be had if price makes a new high above 2,631.09....
by Lara | Dec 3, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue. The Elliott wave target at 2,780 for a short-term interruption to the bullish trend was too low. Price reached 2,800.18. Summary: Assume the trend remains the same until proven otherwise. Assume minor wave 1 may continue...
by Lara | Nov 8, 2018 | S&P 500, S&P 500 + DJIA |
A small range inside day fits overall expectations. The main Elliott wave count remains the same. The alternate Elliott wave count is slightly adjusted to consider a different short-term structure. Summary: The target for this bounce to end is now 2,853. If this...
by Lara | Oct 15, 2018 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected to begin the new week, which is what has happened. Summary: It is possible the small correction could be over. Look for another wave down to support about 2,700. It is also possible that price may continue sideways for a few days...
by Lara | Sep 14, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. On Balance Volume this week gives important signals on the daily and weekly charts. Summary: The pullback looks like is over. On Balance Volume makes new all time highs this week on the daily and weekly charts; this supports a...
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 | 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...
