by Lara | Aug 30, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as the main Elliott wave count expected. All three Elliott wave counts remain valid at the end of the week, but the two alternates now have a very low probability. Summary: An upwards breakout above 2,940 with support from volume would add...
by Lara | Aug 7, 2019 | S&P 500, S&P 500 + DJIA |
Sideways movement fits the main Elliott wave count. The target remains the same. Summary: The main Elliott wave count expects the pullback may continue lower to 2,663 or 2,579. A new low below 2,822.12 would increase the probability of this scenario. Alternatively, a...
by Lara | Jul 13, 2019 | S&P 500, S&P 500 + DJIA |
New highs this week again from the S&P have support from rising market breadth. The Elliott wave count provides targets. Summary: The bull market is expected to continue and corrections are expected to be shallow. A new target for the next reasonable...
by Lara | Jun 18, 2019 | S&P 500, S&P 500 + DJIA |
A consolidation was expected to be shallow and continue this week. A pennant pattern identified on the daily chart now has an upwards breakout. The gap may be useful for traders. A target is calculated using the flag pole. Summary: The low of December 2018 is expected...
by Lara | May 25, 2019 | S&P 500, S&P 500 + DJIA |
For the short term, some sideways movement was expected for Friday’s session, which is what has happened. Summary: The low of December 2018 is expected to very likely remain intact, and this pullback is expected to be followed by a strong third wave up to new...
by Lara | May 1, 2019 | S&P 500, S&P 500 + DJIA |
The low today invalidated one hourly chart. The Elliott wave count has support from a candlestick reversal pattern. Summary: Primary wave 3 may now be complete. A pullback or consolidation here for primary wave 4 may now last about a couple of weeks or so and may end...
by Lara | Apr 6, 2019 | S&P 500, S&P 500 + DJIA |
The upwards trend continues overall as expected. Elliott wave targets remain the same. Summary: The upwards trend should continue. The mid-term Elliott wave target remains the same at 3,010 and the target calculated using the pennant pattern is at 2,956. Lowry’s...
by Lara | Mar 13, 2019 | S&P 500, S&P 500 + DJIA |
A new high leaves the alternate Elliott wave count valid but prompts a reanalysis of this upwards wave. Two new Elliott wave counts are published for members. The main Elliott wave count has support from volume and VIX. Summary: A new target for upwards movement to be...
by Lara | Feb 16, 2019 | S&P 500, S&P 500 + DJIA |
The first target at 2,767 was met and price kept rising. The next target is now used. Summary: The target is at 2,856. The upwards trend should be assumed to continue as long as price remains within the blue Elliott channel. The bigger picture still expects that a low...
