by Lara | Mar 30, 2019 | S&P 500, S&P 500 + DJIA |
An outside day for Friday closes green as the S&P500 ends with a little strength into the close. This is what the main Elliott wave count has expected, and it now has support from classic technical analysis this week. Summary: The upwards trend should resume. The...
by Lara | Mar 6, 2019 | S&P 500, S&P 500 + DJIA |
Sideways movement continues but now all of On Balance Volume, the AD line, and inverted VIX give the same signals. The Elliott wave count is updated. Summary: The channel on the daily chart is now fully breached today indicating a likely start to primary wave 2....
by Lara | Feb 8, 2019 | S&P 500, S&P 500 + DJIA |
Price moved overall lower as yesterday’s analysis expected. Summary: A breach of the black Elliott channel has indicated primary wave 2 has arrived. Primary wave 2 may last about a Fibonacci 13, 21 or 34 sessions in total. The first target is the 0.382 Fibonacci...
by Lara | Jan 16, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as the main Elliott wave count expects. 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 very few sessions. A new low now below 2,593.96 would indicate a deeper...
by Lara | Dec 12, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. A higher high and a higher low today fits the basic definition of an upwards day. The Elliott wave target remains the same. Summary: A strong bullish Hammer candlestick reversal pattern at the low indicates a trend change. The target for...
by Lara | Nov 17, 2018 | S&P 500, S&P 500 + DJIA |
To end the week, upwards movement has continued as 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 3,013 (alternate wave count). Five daily charts today look at five different structures...
by Lara | Oct 23, 2018 | S&P 500, S&P 500 + DJIA |
More downwards movement to a target at 2,698 was expected. The low for Monday at 2,691.43 is 6.57 points below the target. Summary: It looks most likely that a multi week bounce may begin here. It may end above 2,890, and may be as high as 2,916. This view has support...
by Lara | Sep 24, 2018 | S&P 500, S&P 500 + DJIA |
A test of support about 2,912 was expected to begin the new trading week, which is exactly what has happened. Summary: Upwards movement is expected to resume tomorrow. The short term target for the next pullback to arrive is about 2,957. The invalidation point is at...
by Lara | Aug 30, 2018 | S&P 500, S&P 500 + DJIA |
Today’s small shallow correction fits the overall expectation of the main Elliott wave count. Summary: The trend is up. Assume the trend remains the same until proven otherwise. The last gap may be a breakaway gap, which may offer support at 2,876.16. Gaps can...
