by Lara | Oct 4, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point for the main Elliott wave count and above the last swing low on the daily chart. Two Elliott wave counts remain valid. Summary: At this stage, it would be best to let price tell us if primary wave 3 is over or...
by Lara | Oct 2, 2018 | S&P 500, S&P 500 + DJIA |
Another inside day comes with a small signal from the AD line. Summary: At this stage, it would be best to let price tell us if primary wave 3 is over or not. While price remains above 2,864.12, then this may still be another pullback within an ongoing upwards trend....
by Lara | Sep 17, 2018 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point. Both Elliott wave counts remain valid. Summary: The pullback looks like is over. On Balance Volume makes new all time highs this week on the daily and weekly charts; this supports a bullish wave count. This view today...
by Lara | Sep 11, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement is exactly what was expected for the main Elliott wave count. Summary: A bullish engulfing candlestick pattern has support from volume today. It looks like another pullback is over and price is on its way to new highs. A new all time high above...
by Lara | Sep 8, 2018 | S&P 500, S&P 500 + DJIA |
Volume and ATR are used in this end of week analysis to analyse downwards movement for strength or weakness. Both Elliott wave counts remain valid, and there is a clear price point which differentiates them. Summary: The probability of the bearish wave count must now...
by Lara | Aug 23, 2018 | S&P 500, S&P 500 + DJIA |
A red daily candlestick fits expectations of overall downwards movement for the session. An outside day remains below the last high. Summary: A Gravestone Doji at the last high, weak volume for upwards movement, and a bearish signal from On Balance Volume all give a...
by Lara | Aug 19, 2018 | S&P 500, S&P 500 + DJIA |
Another upwards day fits expectations for the short term picture. At the end of this week, strong signals from the AD line reinforce the long term Elliott wave count. Summary: Overall, it still looks most likely that a small Elliott wave triangle may complete early...
by Lara | Aug 15, 2018 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected that a new low below 2,819.88 would see a pullback to end below 2,796.13. The low for the day was 2,802.49, just above 2,796.13. Summary: It still looks most likely that price may continue sideways for another two to few days to...
by Lara | Jul 31, 2018 | S&P 500, S&P 500 + DJIA |
A small upwards day remains below the short term Elliott wave invalidation point. Three short term Elliott wave counts are presented today. Summary: Assume that while price remains above 2,791.47 either a shallow consolidation may continue sideways for a few days or a...
