by Lara | Oct 24, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement for the session unfolded with a higher high and a higher low. This was expected. Today On Balance Volume gives a reasonable signal that shall be given weight in this analysis. It supports the main hourly Elliott wave count. Summary: Upwards movement...
by Lara | Oct 23, 2019 | S&P 500, S&P 500 + DJIA |
Today’s signals from the AD line and inverted VIX indicate a likely direction for price tomorrow. Summary: Upwards movement may continue here to new all time highs soon. The next target is at 3,120. For the very short term, a new low below 2,976.31 would...
by Lara | Oct 1, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point and within the channel on the hourly chart. Both main and alternate Elliott wave counts remain valid. Summary: The main wave count is now in some doubt with closure of the last gap and price below the hourly...
by Lara | Sep 30, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to begin the new week. The Elliott wave target remains the same. The breakaway gap continues to provide support. Summary: The upwards trend to new all time highs may resume. The next target is 3,120. A new low below 2,931 would indicate a...
by Lara | Sep 6, 2019 | S&P 500, S&P 500 + DJIA |
A finish to the week with a small range inside day does not change the Elliott wave count. The target remains the same and the wave count has strong support from classic technical analysis. Summary: An upwards breakout above 2,940 with support from volume adds...
by Lara | Sep 5, 2019 | S&P 500, S&P 500 + DJIA |
An upwards breakout from a consolidation was expected. The Elliott wave target remains the same. The main Elliott wave count has very strong support from classic technical analysis, particularly the AD line. Summary: An upwards breakout above 2,940 with support from...
by Lara | Aug 13, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement today fits the main Elliott wave count. Summary: The main wave count expects an increase in upwards momentum tomorrow. The next target is at 3,120. The alternate remains valid and today has some support from bearish divergence between price and both...
by Lara | Aug 12, 2019 | S&P 500, S&P 500 + DJIA |
A sideways inside day to end the trading week leaves both Elliott wave counts essentially the same. Classic technical analysis favours the main Elliott wave count. Summary: An 80% up day, a long lower wick on the weekly candlestick, closure of the last gap, and...
by Lara | Jul 17, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point on the daily chart. The short-term hourly chart is today relabelled after the pullback of this session. Summary: This pullback may end in another one session with a slight new low. Thereafter, the upwards trend...
