by Lara | Jul 20, 2020 | Uncategorized |
S&P 500: Elliott Wave and Technical Analysis | Charts – July 20, 2020 Today price has closed to a new swing high, but volume and breadth suggest weakness. Summary: A short-lived upwards breakout may continue for another one to very few days, before a trend...
by Lara | Jun 24, 2020 | Uncategorized
S&P 500: Elliott Wave and Technical Analysis | Charts – June 24, 2020 A strong downwards session leaves an Abandoned Baby behind. The main Elliott wave count has expected downwards movement this week. Summary: The bounce may be over. Downwards movement may...
by Lara | Jun 1, 2020 | Uncategorized
S&P 500: Elliott Wave and Technical Analysis | Charts – June 1, 2020 Attention remains on the second target. Summary: The next target is at 3,238. Use the lower edge of the Elliott channel to indicate where support may be found on the way up. Price and On Balance...
by Lara | May 6, 2020 | Uncategorized
S&P 500: Elliott Wave and Technical Analysis | Charts – May 6, 2020 Downwards movement was expected for the short term. The Elliott wave count remains the same. Summary: A downwards or sideways movement may continue here, which may last a few days to a few weeks...
by Lara | Apr 13, 2020 | Uncategorized
S&P 500: Elliott Wave and Technical Analysis | Charts – April 13, 2020 A small range downwards day remains above the short-term invalidation point and within the best fit channel. The Elliott wave count remains the same. Summary: The bounce may end about 2,934...
by Lara | Mar 18, 2020 | Uncategorized |
Price continues to fall towards the short-term target. Two short-term Elliott wave counts are used today to indicate when a bounce may have arrived. Invalidation of the first count indicates the alternate may be correct. Summary: It may be safest to assume the...
by Lara | Feb 24, 2020 | Uncategorized |
Downwards movement was expected to continue this week as a larger correction has arrived. This is exactly what is happening. Summary: The trend is up. Consolidations and pullbacks may last a few weeks but should be viewed in the bigger context of an ongoing bull...
by Lara | Jan 29, 2020 | Uncategorized |
A small range upwards day ends with a red daily candlestick. An inconclusive day overall fits expectations of a consolidation. Summary: A pullback or consolidation has begun. It may continue now through to the end of next week and possibly a little longer. Support is...
by Lara | Dec 31, 2019 | Uncategorized |
A new target is calculated for a third wave to end. Summary: Expect new highs soon. Today all of On Balance Volume, the AD line and VIX give bullish signals. A new target for minor wave 3 is now at 3,260. Three large pullbacks or consolidations (fourth waves) during...
