by Lara | Jan 18, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement has continued all week exactly as expected. Price has reached the target and exceeded it by 2.47 points, but the Elliott wave structure is incomplete. A new target is calculated. Summary: The target for intermediate wave (1) to end is now at 2,687....
by Lara | Jan 17, 2019 | S&P 500, S&P 500 + DJIA |
The 200 day moving average has rolled over today. It is again positively sloped. The alternate Elliott wave count has been invalidated, which gives further confidence in the main Elliott wave count. Summary: The target for intermediate wave (1) to end is at 2,673 with...
by Lara | Dec 14, 2018 | S&P 500, S&P 500 + DJIA |
Another downwards day remains above the invalidation point on the main Elliott wave count. Two alternate Elliott wave counts are published for members today. Summary: With the data in hand, it still looks like a low may more likely be in place. This view has support...
by Lara | Dec 13, 2018 | S&P 500, S&P 500 + DJIA |
A small downwards day remains well above the short-term invalidation point. Today VIX and the short-term volume profile offer support to the main Elliott wave count. Summary: A strong bullish Hammer candlestick reversal pattern at the low indicates a trend change. The...
by Lara | Nov 20, 2018 | S&P 500, S&P 500 + DJIA |
A little more downwards movement was expected for Tuesday’s session although the target at 2,667 was inadequate. Summary: For the short term, a low may be in place today if the teal trend line offers support. A target for the next wave up is either 2,843 or...
by Lara | Nov 19, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point and within allowable limits. Summary: Short-term bearish divergence between price and the AD line supports an Elliott wave count which expects a slight new low before the bounce continues. A target for tomorrow...
by Lara | Oct 25, 2018 | S&P 500, S&P 500 + DJIA |
An inside day is inconclusive. Two Elliott wave counts are provided for members today. Summary: It looks somewhat more likely that the first big wave down within primary wave 4 could be over at yesterday’s low. A multi week bounce may have begun today. Look for...
by Lara | Oct 24, 2018 | S&P 500, S&P 500 + DJIA |
A bounce was expected but did not occur today. Volume and candlestick wicks are used to indicate the most likely direction for tomorrow. Only one Elliott wave count is published today. Summary: With price closing about the low for the session, it looks like downwards...
by Lara | Sep 26, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the last swing high. At this time, a series of higher highs and higher lows (the definition of an upwards trend) remains in place. Another signal today from the AD line indicates a new alternate Elliott wave count may be correct....
