by Lara | Jan 23, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. A lower low and a lower high fits this expectation for the session. Summary: The first large pullback within cycle wave V may have arrived. It may be labelled either intermediate wave (1) or primary wave 1. The target is at 2,472,...
by Lara | Dec 19, 2018 | S&P 500, S&P 500 + DJIA |
The main and alternate Elliott wave counts are swapped over today. Summary: The target for the end of primary wave 4 is about 2,478. A small bounce may unfold here for minor wave 4. It may last one to a very few days. Thereafter, the target may be recalculated (it may...
by Lara | Nov 23, 2018 | S&P 500, S&P 500 + DJIA |
A quiet end to a short-trading week makes little difference to all five Elliott wave counts. Classic technical analysis mostly favours the first presented Elliott wave count. Summary: For the short term, a low may be in place if the teal trend line offers support. A...
by Lara | Oct 31, 2018 | S&P 500, S&P 500 + DJIA |
A breakout of the channel on the hourly charts indicated a low was most likely in place. More upwards movement was expected at that stage, which has happened. Summary: A breach of the blue channel offers some confidence that a low is most likely in place. Look for a...
by Lara | Oct 1, 2018 | S&P 500, S&P 500 + DJIA |
Price remains range bound. A breakout is expected tomorrow or within the next very few days. Summary: At this stage, it would be best to let price tell us if primary wave 3 is over or not. While price remains above 2,864.12, then this may still be another pullback...
by Lara | Sep 6, 2018 | S&P 500, S&P 500 + DJIA |
The last gap is closed, indicating it should be an exhaustion gap. The bearish wave count now increases in probability, but both bull and bear Elliott wave counts remain valid. Summary: The probability of the bearish wave count must now be considered to have...
by Lara | Aug 14, 2018 | S&P 500, S&P 500 + DJIA |
An inside day leaves all short term Elliott wave counts valid, and the larger picture remains the same. On Balance Volume today suggests a new short term Elliott wave count may have a higher probability. Summary: It now looks like price may continue sideways for...
by Lara | Jun 30, 2018 | S&P 500, S&P 500 + DJIA |
Overall, upwards movement was expected from the main Elliott wave count. Summary: It is still possible that before this pullback is done one more low may be seen Monday or Tuesday. A new high above 2,757.12 would provide confidence that a low is in place. The target...
by Lara | May 31, 2018 | S&P 500, S&P 500 + DJIA |
An inside day closes red and remains above the short term invalidation point on the hourly chart. Overall, the analysis remains the same. A signal today from On Balance Volume prompts two alternate hourly wave counts for the short term picture. Summary: While price...
