by Lara | Nov 6, 2018 | S&P 500, S&P 500 + DJIA |
A little more upwards movement was expected from the short-term hourly Elliott wave count. 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...
by Lara | Nov 5, 2018 | S&P 500, S&P 500 + DJIA |
For the short term, both hourly Elliott wave counts expected the week to begin with a little upwards movement, which is what has happened. 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...
by Lara | Oct 11, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement continued as expected, although the short term target was again inadequate. Summary: It looks most likely that price may fall further tomorrow; next support is about 2,700. Look for a candlestick reversal pattern, or an instance of bullish...
by Lara | Oct 10, 2018 | S&P 500, S&P 500 + DJIA |
Last analysis expected that a primary degree bearish wave had arrived. Today’s downwards movement overall fits that expectation, although targets were inadequate. Summary: Look for downwards movement to end if price gets down to the 200 day moving average. A...
by Lara | Oct 8, 2018 | S&P 500, S&P 500 + DJIA |
A new swing low at the daily chart level indicates the Elliott wave counts should now be swapped over. Summary: Because of a new swing low, it now looks like there may have been a trend change. Primary wave 4 may now be in its very early stages. A primary degree...
by Lara | Oct 5, 2018 | S&P 500, S&P 500 + DJIA |
A signal from On Balance Volume and another signal from the AD line this week all support the alternate Elliott wave count. Price is the ultimate determinator though, so a specific price point is given for members that may indicate which wave count is correct....
by Lara | Oct 4, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point for the main Elliott wave count and above the last swing low on the daily chart. Two Elliott wave counts remain valid. Summary: At this stage, it would be best to let price tell us if primary wave 3 is over or...
by Lara | Sep 12, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as the main Elliott wave count expects. The alternate Elliott wave count remains valid, but it has less support from classic technical analysis, so it is judged to have a lower probability. Summary: The pullback looks like it is over. There...
by Lara | Sep 11, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement is exactly what was expected for the main Elliott wave count. Summary: A bullish engulfing candlestick pattern has support from volume today. It looks like another pullback is over and price is on its way to new highs. A new all time high above...
