by Lara | Mar 22, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement continued, as expected, and found support at three different trend lines. Summary: It is reasonably likely that downwards movement may halt here because price is at multiple support lines and exhibits bullish divergence with the AD line. A new high...
by Lara | Mar 16, 2017 | S&P 500, S&P 500 + DJIA |
Price moved lower for the session, which was what was expected for the short term from the hourly Elliott wave count. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another two days and possibly a few weeks longer. Target zones...
by Lara | Mar 11, 2017 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected from the hourly Elliott wave count published in last analysis. This is exactly what happened for Friday’s session. A target may now be calculated for the short term at two degrees. Summary: A deeper pullback looks very...
by Lara | Mar 8, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement is unfolding as the Elliott wave count and classic technical analysis expected. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low below...
by Lara | Mar 4, 2017 | S&P 500, S&P 500 + DJIA |
An upwards day was expected for Friday. Price made a lower low and lower high, the definition of a downwards day, but the session closed green. Price remains above the near by invalidation point on the hourly Elliott wave count. Summary: Aggressive and more risk...
by Lara | Mar 2, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement for the day remains above the invalidation point and the breakaway gap is offering support. Volume analysis today may help to determine the direction for tomorrow. Summary: The picture is very bullish. Volume and divergence with VIX and the AD line...
by Lara | Mar 1, 2017 | S&P 500, S&P 500 + DJIA |
A new high above 2,367.79 confirmed the alternate hourly wave count, which expected more upwards movement with an increase in momentum to a target at 2,397. The high for the day was 2,400.98. Summary: The picture is very bullish. Volume supports the strong upwards...
by Lara | Feb 18, 2017 | S&P 500, S&P 500 + DJIA |
Friday completed an inside day which fits the Elliott wave count well. Summary: Minor wave 4 may continue. Price may consolidate here for another three days. A new low below 2,322.17 now would confirm minor wave 4 has arrived. At its end, minor wave 4 should offer an...
by Lara | Feb 16, 2017 | S&P 500, S&P 500 + DJIA |
Thursday’s session was expected as very likely to see price move lower due to strong and unusual divergence between price and VIX for Wednesday’s session, which was interpreted as bearish. Thursday made a slightly higher high and a higher low, the...