by Lara | Mar 12, 2019 | S&P 500, S&P 500 + DJIA |
A small range day leaves the main Elliott wave count unchanged. Summary: Targets for a multi-week pullback are 2,637 or 2,526. However, if price closes above 2,816.88 on an upwards day with support from volume, then that would be a classic upwards breakout and the...
by Lara | Feb 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected and the target remains the same. Summary: The target is at 2,856. If the target is wrong, it may be too high; there is very strong resistance just above at 2,800 to 2,815. The upwards trend should be assumed to continue as long...
by Lara | Feb 14, 2019 | S&P 500, S&P 500 + DJIA |
A small range downwards day closes as a doji. Targets remain the same. The Elliott wave count remains valid and price remains within a channel. Summary: The first target is now at 2,767. Thereafter, if the structure of minor wave 5 is incomplete or if price keeps...
by Lara | Jan 24, 2019 | S&P 500, S&P 500 + DJIA |
A small inside day fits both Elliott wave counts. 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, which may be met in three or five weeks. It is also...
by Lara | Jan 22, 2019 | S&P 500, S&P 500 + DJIA |
Elliott wave structure of the last upwards movement off December 2018 lows is used to analyse what is most likely to happen for the short to mid term. Summary: The first large pullback within cycle wave V may have arrived. It may be labelled either intermediate wave...
by Lara | Dec 20, 2018 | S&P 500, S&P 500 + DJIA |
Overall more downwards movement was expected from the new main Elliott wave count. Summary: It does not look like a low is in place yet. Expect price to continue falling. A small bounce may unfold here or very soon for the very short term for minor wave 4, which may...
by Lara | Dec 18, 2018 | S&P 500, S&P 500 + DJIA |
Price keeps falling towards the target on the alternate Elliott wave count, but it is not falling quickly or with strength. Summary: It is possible a low may again be in place. A new high above 2,621.53 and a breach of the channel on the the hourly chart would add...
by Lara | Nov 26, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement completes a candlestick reversal pattern. This and volume indicate the Elliott wave counts should be swapped over today. Summary: For the short term, a low may be in place if the teal trend line offers support. A target for the next wave up is either...
by Lara | Nov 1, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement overall was expected to continue. This is what is happening. Summary: Overall, now expect a bounce to last about two to a few weeks. For the short term, the last open gap may offer support at 2,685.43. A primary degree correction should last several...
