by Lara | Jan 30, 2020 | S&P 500, S&P 500 + DJIA |
A downwards day closes green. Another inconclusive day fits overall expectations of a consolidation continuing. 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 expected to be...
by Lara | Jan 28, 2020 | S&P 500, S&P 500 + DJIA |
The Elliott wave count now expects a pullback or consolidation to continue. An upwards day remains below the last high and fits expectations so far. Summary: A pullback or consolidation has begun. It may continue now through to the end of next week and possibly a...
by Lara | Jan 7, 2020 | S&P 500, S&P 500 + DJIA |
A small inside day continues a small consolidation. The main and alternate short-term Elliott wave counts remain essentially the same. Summary: At this stage, it is possible that minor wave 3 could be over. Confidence in this view is required with a new low below...
by Lara | Jan 2, 2020 | S&P 500, S&P 500 + DJIA |
Price is now very close to the Elliott wave target at 3,260. Summary: There is now some bearish divergence with extreme conditions. Minor wave 4 may arrive tomorrow. The short-term target at 3,260 remains the same. Three large pullbacks or consolidations (fourth...
by Lara | Dec 30, 2019 | S&P 500, S&P 500 + DJIA |
A new low below 3,220.51 and the narrow channel about most recent upwards movement suggests a fourth wave correction may have arrived. Fibonacci ratios and the fourth wave of one lesser degree are used to estimate a target for support. Summary: Minor wave 4 should...
by Lara | Dec 6, 2019 | S&P 500, S&P 500 + DJIA |
Overall, this week’s analysis has expected a consolidation or pullback for an Elliott wave fourth wave correction. That view remains unchanged at the end of this week. Summary: Minor wave 4 may continue for about two weeks or so and may find next support about...
by Lara | Dec 4, 2019 | S&P 500, S&P 500 + DJIA |
Last analysis expected that a consolidation had begun. An upwards day, which has not made a new high, fits within a new potential trading range. Summary: Minor wave 4 may continue for about two weeks or so and may find next support about 3,037. It may be a choppy...
by Lara | Nov 13, 2019 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected a short-term pullback or consolidation. A small range downwards day fits this expectation. Summary: For the very short term, expect a pullback or consolidation to end tomorrow. Expect it to be shallow. Overall, expect more upwards...
by Lara | Nov 11, 2019 | S&P 500, S&P 500 + DJIA |
A small inside day leaves the Elliott wave counts the same. Summary: Overall, expect more upwards movement with shallow and / or brief corrections along the way. A third wave is continuing higher and has good support from breadth and volume. The next target is at...
