by Lara | Oct 21, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high in the very first hour of Friday’s session confirmed that the upwards trend remains. The Elliott wave target has not been met yet. Members are advised that the trend remains the same until proven otherwise. Summary: The trend remains up. The...
by Lara | Sep 30, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to rise as expected from the Elliott wave count and classic technical analysis. The Elliott wave target coincides nicely with a classic analysis target calculated using the measured rule from a small flag pattern. Summary: On Balance Volume and the AD...
by Lara | Aug 2, 2017 | S&P 500, S&P 500 + DJIA |
Sideways movement completes an outside day and fits both Elliott wave counts. This market is again range bound. Summary: Assume the trend remains up while price remains above 2,459.93. The target is at 2,500 now. A new low now below 2,459.93 would add some confidence...
by Lara | Apr 26, 2017 | S&P 500, S&P 500 + DJIA |
A small pullback was expected to unfold here or shortly. An upwards day closes red, with a long upper wick on the candlestick. This looks like a small pullback may have begun at the end of this session. Summary: If a small pullback remains above 2,376.98, then expect...
by Lara | Feb 1, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session, and that is what has happened. The main Elliott wave count remains the same and the alternate Elliott wave count remains possible. Summary: Again, it is increasingly likely today that the next wave up has...
by Lara | Jul 25, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement to below 2,168.98 but not below 2,159.75 was expected as most likely by the main Elliott wave count for Monday. Price moved lower to reach 2,161.94. Summary: A small pennant or Elliott wave triangle may have ended today. This should be followed by a...
by Lara | Jul 6, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday’s session, but this is not what happened. Price remains below the invalidation point on the hourly Elliott wave chart. Summary: Downwards movement should continue from here with lower lows and lower highs. In the...
by Lara | Jun 14, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was again expected for Tuesday but did not happen. Summary: The trend is down; look out for surprises to the downside. There is now enough technical indication of a trend change for a short position to be entered. Corrections are an opportunity to join the...
by Lara | May 25, 2016 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected to a target at 2,099 or resistance at the bear market trend line. Price has stopped for the session right at the trend line. Summary: Upwards movement is either over today or it may end slightly higher tomorrow. A breach of the green...
