by Lara | Oct 21, 2019 | S&P 500, S&P 500 + DJIA |
A little more downwards movement was expected before the upwards trend resumed. With price moving higher on Monday, the upwards trend may have resumed more quickly than expected. Summary: Upwards movement may continue here to new all time highs this week. The next...
by Lara | Oct 17, 2019 | S&P 500, S&P 500 + DJIA |
Overall, upwards movement was expected to continue. With price now back close to resistance at the last all time high and showing a little weakness, the risk here of a small pullback is high. Fibonacci ratios are used to judge where a pullback may find support....
by Lara | Sep 26, 2019 | S&P 500, S&P 500 + DJIA |
An inside day closes red. Upwards movement was expected today. Price remains above the short-term invalidation point, and the session ended strongly. Summary: The upwards trend to new all time highs may now resume. The next target is 3,120. A new low below 2,931 would...
by Lara | Sep 24, 2019 | S&P 500, S&P 500 + DJIA |
A pullback or consolidation was expected to continue to a short-term target at 2,975 – 2,977. The low for the session was at 2,957.73. Summary: This bull market has underlying strength to support it. The pullback may be over here. There is strong support at...
by Lara | Sep 3, 2019 | S&P 500, S&P 500 + DJIA |
Price remains range bound with resistance about 2,940 and support about 2,920. The breakout is still expected to be in the same direction. Targets remain the same. Summary: An upwards breakout above 2,940 with support from volume would add confidence in the main wave...
by Lara | Aug 29, 2019 | S&P 500, S&P 500 + DJIA |
Analysis of internal strength or weakness of the last few sessions indicates the main Elliott wave count is more likely. Two alternate Elliott wave counts remain valid. Summary: An upwards breakout above 2,940 with support from volume would add confidence in the main...
by Lara | Aug 8, 2019 | S&P 500, S&P 500 + DJIA |
A strong upwards day sees the Elliott wave counts swapped over. Targets remain the same. Summary: An 80% up day, a shaven head, closure of the last gap, and bullish divergence between price and both of the AD line and inverted VIX indicate it is likely a low was in...
by Lara | Aug 6, 2019 | S&P 500, S&P 500 + DJIA |
The internal strength of this upwards day is analysed to determine which Elliott wave count looks more likely. Summary: The wave counts are today swapped over. The main Elliott wave count now expects the pullback may continue lower to 2,663 or 2,579. A new low below...
by Lara | Jul 15, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue. A new high today fits this expectation. The two short-term Elliott wave counts today diverge very slightly, but the larger Elliott wave count remains exactly the same. Summary: The bull market is expected to continue and...
