by Lara | Nov 9, 2017 | S&P 500, S&P 500 + DJIA |
A sharp downwards movement today remained above the invalidation point on the main hourly Elliott wave count, and the long lower wick on this candlestick is interpreted as bullish. Although bears were able to push price sharply lower, they could not hold the lows and...
by Lara | Sep 30, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to rise as expected from the Elliott wave count and classic technical analysis. The Elliott wave target coincides nicely with a classic analysis target calculated using the measured rule from a small flag pattern. Summary: On Balance Volume and the AD...
by Lara | Aug 2, 2017 | S&P 500, S&P 500 + DJIA |
Sideways movement completes an outside day and fits both Elliott wave counts. This market is again range bound. Summary: Assume the trend remains up while price remains above 2,459.93. The target is at 2,500 now. A new low now below 2,459.93 would add some confidence...
by Lara | Feb 1, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Wednesday’s session, and that is what has happened. The main Elliott wave count remains the same and the alternate Elliott wave count remains possible. Summary: Again, it is increasingly likely today that the next wave up has...
by Lara | Jul 25, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement to below 2,168.98 but not below 2,159.75 was expected as most likely by the main Elliott wave count for Monday. Price moved lower to reach 2,161.94. Summary: A small pennant or Elliott wave triangle may have ended today. This should be followed by a...
by Lara | Jul 6, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday’s session, but this is not what happened. Price remains below the invalidation point on the hourly Elliott wave chart. Summary: Downwards movement should continue from here with lower lows and lower highs. In the...
by Lara | Jun 14, 2016 | S&P 500, S&P 500 + DJIA |
A bounce was again expected for Tuesday but did not happen. Summary: The trend is down; look out for surprises to the downside. There is now enough technical indication of a trend change for a short position to be entered. Corrections are an opportunity to join the...
by Lara | May 25, 2016 | S&P 500, S&P 500 + DJIA |
More upwards movement was expected to a target at 2,099 or resistance at the bear market trend line. Price has stopped for the session right at the trend line. Summary: Upwards movement is either over today or it may end slightly higher tomorrow. A breach of the green...
by Lara | Feb 27, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected as most likely, but an end to the bounce was unconfirmed. Price moved slightly higher before turning down to complete a small red candlestick. Summary: Upwards movement is still more likely over than not, but this is unconfirmed. A new...
