by Lara | May 18, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – May 18, 2020 This week was expected to begin with upwards movement, which is exactly what has happened. Two targets remain. Summary: Targets remain at 3,058 or 3,238 . Use the lower edge of the redrawn...
by Lara | Apr 23, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – April 23, 2020 A small range day sees price remain within the channel and above the invalidation point. The Elliott wave count and the target remain the same. Summary: The bounce may now end about 3,069 to...
by Lara | Mar 31, 2020 | S&P 500, S&P 500 + DJIA
S&P 500: Elliott Wave and Technical Analysis | Charts – March 31, 2020 Analysis has expected price to move sideways or lower this week. Sideways movement today fits overall expectations. Price may continue to hug the lower edge of a multi-year channel. Summary:...
by Lara | Mar 5, 2020 | S&P 500, S&P 500 + DJIA |
A bounce or sideways consolidation was expected to continue for the short term, which is what is happening. Summary: There is no evidence to suggest the larger bull market is over. The current pullback is very deep and not likely to be finished yet. At its conclusion,...
by Lara | Feb 10, 2020 | S&P 500, S&P 500 + DJIA |
Upwards movement continues, albeit with some weakness. Both Elliott wave counts remain valid. Summary: A pullback or consolidation is most likely still underway. It may end sometime next week. A downwards swing may continue that may end slightly below 3,214.68, or it...
by Lara | Jan 15, 2020 | S&P 500, S&P 500 + DJIA |
Price is nearing the next target and more importantly the upper edge of a multi-year trend channel. A reaction downwards from there would be fairly likely. Summary: The next target is at 3,323 or 3,332. Look for strong resistance at the upper edge of the wide channel...
by Lara | Nov 23, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement unfolded for Friday, which is what the analysis on Thursday had expected. Targets remain the same. Summary: The upwards trend may resume. The next target at 3,179 is where minor wave 4 may begin (expect it to be very shallow). A new all time high...
by Lara | Oct 30, 2019 | S&P 500, S&P 500 + DJIA |
Overall upwards movement was expected. The Elliott wave target remains the same. Summary: The next target is at 3,120. Overall, expect upwards movement to continue. If price breaks below the lower edge of the best fit channel on the hourly charts, that would indicate...
by Lara | Oct 8, 2019 | S&P 500, S&P 500 + DJIA |
Today signals from both the AD line and inverted VIX suggest the next short-term movement. The Elliott wave invalidation point for the main Elliott wave count remains the same. Summary: For the very short term, a small second wave correction may move lower tomorrow...
