by Lara | Nov 22, 2017 | S&P 500, S&P 500 + DJIA |
Price is behaving mostly as the new main Elliott wave count expects. Targets remain the same. The AD line gives an important signal today, which will be given weight in the analysis. Summary: The first Elliott wave target is again at 2,614. A target using the measured...
by Lara | Nov 21, 2017 | S&P 500, S&P 500 + DJIA |
An upwards breakout was expected after some more sideways movement. The upwards breakout has come a little more quickly than expected, but movement above 2,590.09 in the first hour of trading was a signal that the main hourly Elliott wave count was correct. Members...
by Lara | Nov 20, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways in a very small range, which at this stage fits the alternate Elliott wave count better than the main Elliott wave count. Both wave counts remain valid. Summary: Price may move sideways this week. Thereafter, it should break out...
by Lara | Nov 15, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was overall expected, but it was expected that price should have a short term bounce first. Downwards movement is now choppy and overlapping, suggesting an Elliott wave diagonal may be unfolding. Summary: The target for a multi day pullback is still...
by Lara | Nov 8, 2017 | S&P 500, S&P 500 + DJIA |
The upwards trend continues overall, and classic technical analysis remains very bullish. Members are advised to go with the trend until price proves it is over. Summary: The Elliott wave target is at 2,616 and a target from a small pennant pattern is 2,617. The...
by Lara | Sep 9, 2017 | S&P 500, S&P 500 + DJIA |
The short term outlook from last analysis expected a short spike up to just above 2,467.57 and then a downturn. This is not what happened. Price has moved sideways in a small range suggesting a small Elliott wave triangle. Summary: With the last wave up now looking...
by Lara | Aug 21, 2017 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected for Monday. Although price has made a lower low and a lower high, the candlestick did close green as the expected bounce came at the end of Monday’s session. Summary: The target for a bounce to end tomorrow is at 2,448....
by Lara | May 23, 2017 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Tuesday’s session, buy this is not what happened. Price moved slightly higher to complete a small green candlestick. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains...
by Lara | Apr 19, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways supporting the alternate Elliott wave count. Both wave counts remain valid. Summary: The main wave count still expects a deeper pullback here to 2,299 – 2,297, which may be reached in a very few days. An alternate expects...
