by Lara | Dec 17, 2019 | S&P 500, S&P 500 + DJIA |
The Elliott wave count has expected overall upwards movement for almost the entire year, which is what has happened. Shorter-term pullbacks and consolidations may be indicated with warning signs from one or more of On Balance Volume, RSI, the AD line or inverted VIX....
by Lara | Dec 16, 2019 | S&P 500, S&P 500 + DJIA |
Price continues to move higher towards the next Elliott wave target exactly as expected. Today a small gap is used to calculate a new short-term target. Summary: The next target is now at 3,238 to 3,240, but this may be too high. About this target a fourth wave...
by Lara | Nov 25, 2019 | S&P 500, S&P 500 + DJIA |
The upwards trend was expected to resume this week. A new all time high and a strong close is exactly what was expected. The Elliott wave structure unfolds as expected and the target so far remains the same. Summary: The next target at 3,179 is where minor wave 4 may...
by Lara | Oct 31, 2019 | S&P 500, S&P 500 + DJIA |
A breach of the channel on the hourly chart indicated a small pullback may be underway. Price remains above the invalidation point. Both short-term Elliott wave counts remain valid. Summary: The next target is at 3,120. Overall, expect upwards movement to continue....
by Lara | Oct 8, 2019 | S&P 500, S&P 500 + DJIA |
Some downwards movement for the short term was expected for Tuesday, which is what has happened. The short-term target was at 2,920 or 2,896. The low for the session was at 2,892.71, which was just 3.29 points below the second target. Summary: For the very short term,...
by Lara | Sep 13, 2019 | S&P 500, S&P 500 + DJIA |
For the short term, a pullback or consolidation was expected to begin on Friday. This is exactly what has happened. Summary: For the short term, a little weakness in the last session suggests a pullback or consolidation may unfold here. The target for support is about...
by Lara | Aug 20, 2019 | S&P 500, S&P 500 + DJIA |
A small downwards day leaves both Elliott wave counts valid. Internal strength or weakness of the last few sessions is analysed to indicate which Elliott wave count looks most likely. Summary: Conditions are still suggesting a sustainable low may be in place. The next...
by Lara | Jul 25, 2019 | S&P 500, S&P 500 + DJIA |
An inside day remains above support and within the channel on daily and hourly charts. The Elliott wave count remains the same. Summary: A short-term target for the middle of a third wave to end is now at 3,097. A mid-term target for a third wave at intermediate...
by Lara | Jul 2, 2019 | S&P 500, S&P 500 + DJIA |
Further upwards movement was expected. Elliott wave targets remain the same and the Elliott wave count has support from market breadth. Summary: The upwards trend is expected to fairly likely resume with strength this week. The pullback may be over at the low of the...
