by Lara | Aug 14, 2019 | S&P 500, S&P 500 + DJIA |
A strong downwards day fits what was yesterday’s alternate Elliott wave count, which has increased in probability to now become the main Elliott wave count. Summary: A new low below 2,873.14 adds confidence to the new main wave count. The target is now at 2,663....
by Lara | Jul 20, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement at the end of Friday’s session remains above the invalidation point on the hourly chart and within the short-term best fit channel. However, at the end of the week a pattern on the weekly chart along with the AD line and inverted VIX suggest a new...
by Lara | Jun 25, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a little more downwards movement was expected to end about 2,930 to 2,924. Downwards movement for the session reached 2,916.01, 7.99 below the lower edge of the target zone. Summary: For the very short term, a little more downwards movement...
by Lara | Jun 1, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected as most likely for Friday’s session, which is exactly what happened. The first target at two degrees can now be calculated. Summary: The low of December 2018 is expected to most likely remain intact, and this pullback is expected...
by Lara | May 8, 2019 | S&P 500, S&P 500 + DJIA |
A small inside day leaves the short-term Elliott wave count unchanged. 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, the upwards trend may resume. The...
by Lara | Apr 13, 2019 | S&P 500, S&P 500 + DJIA, S&P 500 Historical |
Upwards movement has continued as the bigger picture for the Elliott wave count expected, although a little more sideways movement was expected first. Summary: The next target for a pullback or consolidation to begin is now at 2,918. The upwards trend remains intact....
by Lara | Mar 20, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement remains well above the invalidation point and the lower edge of the channel on the main Elliott wave daily chart. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards...
by Lara | Feb 25, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continued for the start of the new week, reaching just 0.51 points short of the first target. Summary: Upwards movement is slowing now it has reached a strong zone of resistance about 2,800 to 2,815. It is possible that one slight new high to the...
by Lara | Jan 30, 2019 | S&P 500, S&P 500 + DJIA |
Last analysis identified a small pennant pattern and expected an upwards breakout. This is exactly what has happened. Targets are calculated using an Elliott wave count with Fibonacci ratios, and the flag pole of the pennant. Summary: A small pennant pattern has now...
