by Lara | Dec 7, 2017 | S&P 500, S&P 500 + DJIA |
The hourly chart in yesterday’s analysis expected a little more upwards movement for the very short term. This is exactly what has happened. The bigger picture remains the same, and a little more confidence is had in this analysis with the structure completing...
by Lara | Aug 16, 2017 | S&P 500, S&P 500 + DJIA |
The target for upwards movement was not met, but price did move higher towards it. The target is recalculated today. Summary: Allow for the possibility of a little more upwards movement while price remains within the best fit channel, but it should not make a new all...
by Lara | Jun 19, 2017 | S&P 500, S&P 500 + DJIA |
An upwards breakout may have come sooner than expected. The final target remains the same. Summary: Assume the trend remains the same, upwards, until proven otherwise. This looks like an upwards breakout. Any small correction now is an opportunity to join the trend....
by Lara | May 3, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
The consolidation continues sideways and support is still at about 2,380. Summary: A small flag pattern may be completing. Volume suggests the breakout is more likely to be upwards. The measured rule gives a target about 2,459. The Elliott wave analysis gives a target...
by Lara | Mar 6, 2017 | S&P 500, S&P 500 + DJIA |
A new low below 2,371.54 invalidated the hourly Elliott wave count and indicated a pullback has likely arrived. 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...
by Lara | Jul 19, 2016 | S&P 500, S&P 500 + DJIA |
A short term pullback was expected. Another small inside day completes a small red doji. Summary: In the very short term, sideways movement may continue for another session or so. Thereafter, the upwards trend should resume. Last monthly chart for the main wave count...
by Lara | Jun 28, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement unfolded for the session exactly as expected, ending almost at the target which was at 2,038.15. Summary: In the short term, some sideways movement is most likely to complete a fourth wave correction for another two or four days, with two more likely....
by Lara | Jun 8, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was again expected for the session and again failed to materialise. No confirmation of a trend change has been indicated yet either, so it was allowed that price could move a little higher. Summary: Price is persistently weak but no trend change is...
by Lara | May 21, 2016 | S&P 500, S&P 500 + DJIA |
Friday’s analysis came with the warning that the session may print a green daily candlestick, which is what happened. Summary: The downwards trend is not in doubt but short term how high a bounce goes is unclear. A new main hourly wave count expects upwards...
