by Lara | Dec 23, 2019 | S&P 500, S&P 500 + DJIA |
Price continues to move higher as expected. VIX may be sounding an early warning sign of the next pullback or consolidation, but the Elliott wave structure is incomplete and the small 2 point target zone has not yet been met. Summary: The next target is now at 3,238...
by Lara | Dec 2, 2019 | S&P 500, S&P 500 + DJIA |
A brief and shallow correction was expected to continue lower to 3,130. Downwards movement continued further than expected, reaching a low at 3,110.78. Summary: Minor wave 4 may have begun. It may continue for about two weeks or so and may find support about 3,081. It...
by Lara | Nov 29, 2019 | S&P 500, S&P 500 + DJIA |
A breach of a small short-term channel early on Friday indicated a small correction had begun. The Elliott wave count at that stage expected a small short-term pullback to continue. Summary: A very brief and shallow correction may have begun which must remain above...
by Lara | Nov 7, 2019 | S&P 500, S&P 500 + DJIA |
An interruption to the upwards trend was expected to come before 3,174.78. Today the AD line and VIX may indicate whether this interruption has arrived early or not. Summary: For the short term, some bearish divergence between price and the AD line suggests minor 4...
by Lara | Nov 6, 2019 | S&P 500, S&P 500 + DJIA |
A little more downwards movement has unfolded as expected. Summary: For the short term, a small shallow pullback may have ended today. The next larger interruption to the trend may now come before 3,174.78. Three large pullbacks or consolidations during the next few...
by Lara | Oct 15, 2019 | S&P 500, S&P 500 + DJIA |
Today both the AD line and inverted VIX give signals that support the main Elliott wave count. Summary: For the very short term, a little downwards movement to about 2,955 or 2,931 may complete tomorrow. Thereafter, the upwards trend may resume. The next target is at...
by Lara | Oct 14, 2019 | S&P 500, S&P 500 + DJIA |
The Elliott wave count is unchanged. Summary: For the very short term, a little downwards movement to about 2,955 or 2,931 may complete tomorrow. Thereafter, the upwards trend may resume. The next target is at 3,120. Further confidence that a low is in place and price...
by Lara | Sep 20, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement for Friday was expected for the short term. This week saw price move upwards as expected, with a higher high and a higher low. Summary: This week comes with more upwards movement and new all time highs from the AD line and On Balance Volume (daily...
by Lara | Sep 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement resumed as expected for the session. Two Elliott wave counts are published at the daily chart level. The price point which differentiates them is the all time high. Summary: Downside risk is at 2,931 for the short term. A pullback or consolidation may...
