by Lara | Nov 5, 2019 | S&P 500, S&P 500 + DJIA |
A small downwards day remains above the Elliott wave invalidation point, and price remains within the channel on the short-term hourly chart. Overall, price is so far behaving as expected. Summary: Expect for the short term for any pullbacks to be brief and shallow on...
by Lara | Oct 11, 2019 | S&P 500, S&P 500 + DJIA |
At the end of this week, the AD line gives another signal that strongly supports the main Elliott wave count. Summary: For the very short term, a little downwards movement to about 2,955 or 2,931 may begin on Monday. Thereafter, the upwards trend may resume. The next...
by Lara | Sep 18, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to resume. The session has closed as an outside day with a strong finish and a green daily candlestick. Summary: The upwards trend may now resume to new all time highs. Downside risk is at 2,931 for the short term. The next target is...
by Lara | Aug 24, 2019 | S&P 500, S&P 500 + DJIA |
Price remains constrained within a small zone of support and resistance. The three Elliott wave counts remain the same. Summary: Conditions are still suggesting a sustainable low may be in place. The next target is 3,120. A new low below 2,822.12 would indicate a...
by Lara | Jul 30, 2019 | S&P 500, S&P 500 + DJIA |
Another test of support today saw price bounce again. The AD line today sends a strong indication of what to expect tomorrow; this supports the Elliott wave count. Summary: A short-term target for the middle of a third wave to end is now at 3,097. A mid-term target...
by Lara | Jul 6, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement for the week continues as expected, and it has support from rising market breadth and declining volatility. The Elliott wave counts remain the same. Summary: The next short-term target is at 3,058. Look for corrections to continue to be very shallow...
by Lara | Jun 11, 2019 | S&P 500, S&P 500 + DJIA |
Some consolidation or pullback was expected to have begun at the end of last week. An outside day, which closes red overall, fits this expectation as at the close price was little changed from the end of last week. Summary: The low of December 2018 is expected to most...
by Lara | May 18, 2019 | S&P 500, S&P 500 + DJIA |
Both the AD line and VIX at the end of the week give the same signal. In conjunction with Lowry’s data, this indicates a more bullish scenario should be dominant. The Elliott wave count has a new short to mid-term target. Summary: The low of December 2018 is...
by Lara | Apr 24, 2019 | S&P 500, S&P 500 + DJIA |
A high today at 2,936.83 is very close to the last all time high at 2,940.91. The Elliott wave count has been expecting the last all time high at 2,940.91 to be challenged for many weeks now. Summary: The upwards trend remains intact and there is underlying strength...
