by Lara | Dec 20, 2018 | S&P 500, S&P 500 + DJIA |
Overall more downwards movement was expected from the new main Elliott wave count. Summary: It does not look like a low is in place yet. Expect price to continue falling. A small bounce may unfold here or very soon for the very short term for minor wave 4, which may...
by Lara | Dec 4, 2018 | S&P 500, S&P 500 + DJIA |
A breach of the small channel on the hourly Elliott wave chart in the third hour of today’s session saw an expectation that price may continue lower to either 2,736 or 2,696. A close at 2,700 mostly fits this expectation. Summary: Minor wave 2 may continue for...
by Lara | Nov 28, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected as most likely for Wednesday. The target on the main Elliott wave count remains the same. Summary: A target for the next wave up is 2,973. Some reasonable confidence in an upwards trend may be had today. The main wave count now expects...
by Lara | Nov 26, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement completes a candlestick reversal pattern. This and volume indicate the Elliott wave counts should be swapped over today. Summary: For the short term, a low may be in place if the teal trend line offers support. A target for the next wave up is either...
by Lara | Nov 10, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement overall was expected for the week, which is what has happened. Summary: For the short term, another upwards wave to 2,835 may begin on Monday. After that some sideways movement or a deeper pullback may begin. Overall, this bounce is expected to be...
by Lara | Nov 5, 2018 | S&P 500, S&P 500 + DJIA |
For the short term, both hourly Elliott wave counts expected the week to begin with a little upwards movement, which is what has happened. Summary: Overall, now expect a bounce to last about two to a few weeks. For the short term, the last open gap may offer support...
by Lara | Nov 1, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement overall was expected to continue. This is what is happening. Summary: Overall, now expect a bounce to last about two to a few weeks. For the short term, the last open gap may offer support at 2,685.43. A primary degree correction should last several...
by Lara | Oct 16, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement indicates an alternate Elliott wave count looks more likely. Today two Elliott wave counts are again presented as options. Summary: This upwards bounce may continue now to about 2,895 or above. It may last a few more days as intermediate wave (B) or...
by Lara | Oct 10, 2018 | S&P 500, S&P 500 + DJIA |
Last analysis expected that a primary degree bearish wave had arrived. Today’s downwards movement overall fits that expectation, although targets were inadequate. Summary: Look for downwards movement to end if price gets down to the 200 day moving average. A...
