by Lara | Feb 7, 2019 | S&P 500, S&P 500 + DJIA |
A breach of an important channel changes the mid-term outlook for the S&P today. Members were warned yesterday that the risk of a pullback was heightened. Summary: A breach of the black Elliott channel has indicated primary wave 2 has arrived. Primary wave 2 may...
by Lara | Jan 14, 2019 | S&P 500, S&P 500 + DJIA |
The upwards trend has resumed after a small triangle completed, which was exactly what the Elliott wave count expected. Summary: The target for intermediate wave (1) to end is at 2,673 with a limit at 2,731.32. The target may be met in another two to three sessions....
by Lara | Dec 11, 2018 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected a low was in place. Today a higher high and a higher low fits the definition of upwards movement, although the candlestick closed red. The Elliott wave count remains the same and the target remains the same. Summary: A strong...
by Lara | Nov 15, 2018 | S&P 500, S&P 500 + DJIA |
A breach of the channel on the hourly chart indicated a low may be in place. Price has moved higher after the channel breach, which was expected. Summary: A low looks to be in place at least for the short to mid term. A target for the next wave up is now 2,882 or...
by Lara | Oct 22, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement was again expected for the new week, which is what has happened. Three Elliott wave counts remain valid. The first two have a higher probability. Summary: For the short term, next week may see more downwards movement to a new low. The target is at...
by Lara | Sep 22, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement for the week to new all time highs was expected for the main Elliott wave count. Also, upwards movement for the week has invalidated the alternate Elliott wave count. When alternate wave counts are invalidated, then more confidence may be had in the...
by Lara | Aug 29, 2018 | S&P 500, S&P 500 + DJIA |
A small shallow correction within the upwards trend was expected to unfold today but did not. The overall trend remains upwards, as expected, but there are a cluster of bearish signals developing to watch. Summary: The trend is up. Assume the trend remains the same...
by Lara | Aug 6, 2018 | S&P 500, S&P 500 + DJIA |
Last Friday’s analysis expected the new week to begin with upwards movement that was reasonably likely to make a new high above 2,848.03. A high today at 2,853.21 fits the expectation. Summary: Some weakness in upwards movement suggests another small pullback...
by Lara | Jul 18, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. The Elliott wave and classic analysis targets remain the same. Summary: Overall, expect the upwards trend to continue. Some support from volume today and a new all time high again from On Balance Volume on the daily chart...
