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 10, 2019 | S&P 500, S&P 500 + DJIA |
Price closed back within the channel and remains above the invalidation point. Summary: The upwards trend may now resume. The final target remains the same at 3,045. A new limit for this fifth wave to end is now at 3,057.25. The biggest picture, Grand Super Cycle...
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 | May 2, 2019 | S&P 500, S&P 500 + DJIA |
Yesterday’s Elliott wave count expected more downwards movement, and this view had support from a Bearish Engulfing candlestick reversal pattern on the daily chart. For today’s session, more downwards movement is what has occurred. Summary: Primary wave 3...
by Lara | Apr 16, 2019 | S&P 500, S&P 500 + DJIA |
A short-term target for a pullback or consolidation was 2,918. Today’s high at 2,916.06 is just 1.94 points short of the target. Summary: The upwards trend remains intact. A consolidation may unfold here that may be shallow and short lived. The final target...
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 | Apr 8, 2019 | S&P 500, S&P 500 + DJIA |
A new high for Monday continues the upwards trend. The Elliott wave count remains the same and the target from the pennant pattern has not yet been met. Summary: The upwards trend should continue. The mid-term Elliott wave target remains the same at 3,010 and the...
by Lara | Mar 22, 2019 | S&P 500, S&P 500 + DJIA |
While the short-term invalidation point on the hourly chart was breached on Friday, the larger picture remains mostly the same and has support from classic technical analysis. Summary: For the very short term, Monday may see a little more downwards movement. The...
by Lara | Mar 18, 2019 | S&P 500, S&P 500 + DJIA |
Now that price has broken above resistance more upwards movement was expected. The Elliott wave 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...
