by Lara | Jul 13, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – July 13, 2020 The main daily wave count was invalidated by 2.19 points. The next alternate wave count is now the main wave count. Summary: This analysis still leans bearish. A sustainable high may be in...
by Lara | Jun 17, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – June 17, 2020 Downwards movement was expected to resume. While price moved mostly sideways for the session, it did move lower in the last couple of hours. Summary: The bounce may be over. Downwards movement...
by Lara | May 22, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – May 22, 2020 Price remains above identified support. The Elliott wave targets remain the same. Summary: Targets remain at 3,058 or 3,238. Use the lower edge of the redrawn Elliott channel to indicate where...
by Lara | Apr 29, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – April 29, 2020 A short-term target was at 2,956. Today more upwards movement has reached up to 2,954.86, just 1.14 points short of the target. Summary: A downwards or sideways movement may develop here,...
by Lara | Apr 6, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – April 6, 2020 A close today above a multi-year trend channel suggests one of the four short-term Elliott wave counts is more likely. Summary: The bounce may end about 2,934 in a few more days to a couple of...
by Lara | Mar 11, 2020 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
A new low below 2,728.81 has indicated a deeper pullback to end about the lower edge of a multi-year trend channel. Summary: Downwards movement has now retraced just over 20% of market value (high to low). This now meets the technical definition of a bear market....
by Lara | Feb 14, 2020 | S&P 500, S&P 500 + DJIA |
An inside day to end the session prints a Dragonfly Doji. In the context of an upwards trend, this is bullish. The alternate Elliott wave count was invalidated this week leaving only the one main Elliott wave count at this time. Targets remain the same. Summary: The...
by Lara | Jan 22, 2020 | S&P 500, S&P 500 + DJIA |
Another new all time high today reaches the next target and slightly exceeds it. Summary: The next target is at 3,379. It is again possible that minor wave 3 could be over. Some confidence in this view may be had with a new low below 3,316.61 and then a breach of the...
by Lara | Dec 20, 2019 | S&P 500, S&P 500 + DJIA |
All week upwards movement has been expected, which is exactly what has happened. Price is closing in on the target zone of 2 points, which is calculated from a gap and using Fibonacci ratios in the Elliott wave structure. Summary: The next target is now at 3,238 to...
