by Lara | Mar 27, 2017 | S&P 500, S&P 500 + DJIA |
Monday was expected to be an upwards day, but this is not what happened. Summary: The picture today looks more bearish. The alternate wave count has substantially increased in probability. A new high in the short term, above 2,354.54, would indicate the pullback is...
by Lara | Mar 15, 2017 | S&P 500, S&P 500 + DJIA |
A very short term target expected some upwards movement for one or two days to a target zone at 2,380 to 2,383. Price moved higher as expected for Wednesday’s session, reaching 2,390.01. Summary: A deeper pullback looks very likely now to have arrived. It may...
by Lara | Mar 7, 2017 | S&P 500, S&P 500 + DJIA |
Another day of downwards movement was expected from the Elliott wave count and from classic technical analysis. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low...
by Lara | Feb 15, 2017 | S&P 500, S&P 500 + DJIA |
The short term target has been met and the mid term target remains the same. Price continued higher and almost met the target, which was at 2,353, fitting the second hourly Elliott wave chart. Summary: Minor wave 3 may be over today. Very strong divergence between...
by Lara | Jan 13, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was again expected, but this time did not eventuate for Friday. Price moved higher but did not make a new high, and volume was weaker. Note: NYSE is closed on Monday, so there will be no new price action from BarChart to analyse. Next analysis of...
by Lara | Dec 3, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. A small green doji completes an inside day, which mostly fits expectations. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 –...
by Lara | Oct 19, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday, but it did not happen. Summary: The Elliott wave count expects more upwards movement from here to show an increase in upwards momentum and be supported by volume. Some increase in volume today supports this idea. The...
by Lara | Oct 5, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected that Tuesday’s session would move price lower, and it has. But the target has not yet been reached. This wave down may not exhibit a Fibonacci duration in terms of how many days it lasts. The target remains the same. Summary:...
by Lara | Sep 19, 2016 | S&P 500, S&P 500 + DJIA |
Price has moved sideways. This fits the alternate Elliott wave count better than the main Elliott wave count at this stage. Summary: Sideways movement is most likely at this stage for a few days, a small pennant is forming. The breakout should be down. A new low below...
