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 | Aug 8, 2019 | S&P 500, S&P 500 + DJIA |
A strong upwards day sees the Elliott wave counts swapped over. Targets remain the same. Summary: An 80% up day, a shaven head, closure of the last gap, and bullish divergence between price and both of the AD line and inverted VIX indicate it is likely a low was in...
by Lara | Jul 23, 2019 | S&P 500, S&P 500 + DJIA |
An upwards day fits both Elliott wave counts. Price remains below the invalidation / confidence point. Summary: A deeper and more time consuming correction may reach to 2,839 or below. This has support from some bearish divergence between price and all of the AD line,...
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...
by Lara | Jul 15, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue. A new high today fits this expectation. The two short-term Elliott wave counts today diverge very slightly, but the larger Elliott wave count remains exactly the same. Summary: The bull market is expected to continue and...
by Lara | Jun 27, 2019 | S&P 500, S&P 500 + DJIA |
For the short term, a little more downwards movement was expected. Price has moved sideways in a very small range for the session, which overall fits the Elliott wave count. Summary: For the very short term, price may move a little more sideways and then lower 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 | Jun 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement has continued for the session as expected. The Elliott wave counts remain the same. Summary: The low of December 2018 is expected to most likely remain intact. New all time highs are expected soon. The next short-term target is at 3,068 (Elliott wave)...
by Lara | Jun 4, 2019 | S&P 500, S&P 500 + DJIA |
Yesterday’s Elliott wave and technical analysis expected the pullback may have ended and a third wave up may have begun. A strong upwards day exactly fits this expectation. The target for a third wave remains the same. Summary: The low of December 2018 is...
