by Lara | Jun 24, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a small pullback was expected to begin the new trading week, which is what has happened. The Elliott wave count and targets remain the same. Summary: For the very short term, a little more downwards movement may find support about 2,930 to...
by Lara | Jun 22, 2019 | S&P 500, S&P 500 + DJIA |
Further upwards movement continues as expected from the Elliott wave count. Summary: The low of December 2018 is expected to most likely remain intact. The next short-term target is at 3,068 (Elliott wave) to 3,079 (classic analysis from the pennant). This next...
by Lara | May 30, 2019 | S&P 500, S&P 500 + DJIA |
A little sideways movement to complete a small range Doji candlestick fits the Elliott wave count. Price remains within the channel and below the invalidation point. Summary: The low of December 2018 is expected to most likely remain intact, and this pullback is...
by Lara | May 29, 2019 | S&P 500, S&P 500 + DJIA |
The most likely scenario expected yesterday was for downwards movement to continue, which is what has happened. The first target is met and the structure is incomplete. The second target will now be used. Summary: The low of December 2018 is expected to most likely...
by Lara | May 7, 2019 | S&P 500, S&P 500 + DJIA |
A correction was expected for this week. Price remains within the channel on the daily chart as expected. Summary: A pullback may end when price finds support at the lower edge of the maroon Elliott channel, which is drawn on both daily and hourly charts. Thereafter,...
by Lara | May 6, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a little downwards movement to 2,894 and at least below 2,900.50 was expected to begin the week. The low for Monday at 2,898.21 fits the expectation reasonably well. Price remains range bound. Summary: A consolidation may continue sideways for...
by Lara | Apr 11, 2019 | S&P 500, S&P 500 + DJIA |
Another small range day remains below the last high. Overall, this fits the short-term expectation for the Elliott wave count. Today On Balance Volume and the AD line indicate the likely form of this current correction. Summary: A pullback or consolidation may...
by Lara | Apr 11, 2019 | S&P 500, S&P 500 + DJIA |
A very small range upwards day remains below the prior high and overall fits the short-term picture for the Elliott wave count. Summary: A pullback or consolidation may continue for about another two days. Look for support at the lower edge of the best fit channel and...
by Lara | Mar 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement has continued as expected. The target remains the same. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout. A third wave up may now gather strength. A new mid term...
