by Lara | Mar 23, 2020 | S&P 500, S&P 500 + DJIA |
S&P 500: Elliott Wave and Technical Analysis | Charts – March 23, 2020 Downwards movement continued with the new trading week, which is exactly what the main Elliott wave count had expected. Summary: It may be safest to assume the downwards trend remains intact...
by Lara | Mar 19, 2020 | S&P 500, S&P 500 + DJIA |
A small upwards day completes a spinning top candlestick. This session falls short of an 80% up day, so the main Elliott wave count remains most likely. Summary: It may be safest to assume the downwards trend remains intact while price remains below 2,553.93. The...
by Lara | Mar 4, 2020 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. Analysis of volume and breadth within this session indicates some strength. What happens tomorrow regarding volume and breadth will be important. Summary: There is no evidence to suggest the larger bull market is over. The...
by Lara | Feb 27, 2020 | S&P 500, S&P 500 + DJIA |
A new low below 3,027.98 invalidates an impulse unfolding upwards and suggests this big fifth wave may be an ending expanding diagonal. Diagonals are not as common as impulses in fifth wave positions, and so until an impulse is invalidated a diagonal should always be...
by Lara | Feb 25, 2020 | S&P 500, S&P 500 + DJIA |
A correction was expected for this week. A very strong downwards session remains within allowable limits for the Elliott wave count. Summary: The trend is up. Consolidations and pullbacks may last a few weeks but should be viewed in the bigger context of an ongoing...
by Lara | Feb 8, 2020 | S&P 500, S&P 500 + DJIA |
Downwards movement unfolded as expected for Friday. At the end of the week, all of volume, breadth and volatility are used to indicate which Elliott wave count may be most likely. Summary: A pullback or consolidation is most likely still underway. It may end sometime...
by Lara | Feb 3, 2020 | S&P 500, S&P 500 + DJIA |
For the very short term, a small bounce within this consolidation was expected as most likely to begin on Monday. This is exactly what has happened. Summary: A pullback or consolidation is underway. It may continue now through to the end of this week and possibly a...
by Lara | Jan 30, 2020 | S&P 500, S&P 500 + DJIA |
A downwards day closes green. Another inconclusive day fits overall expectations of a consolidation continuing. Summary: A pullback or consolidation has begun. It may continue now through to the end of next week and possibly a little longer. Support is expected to be...
by Lara | Jan 14, 2020 | S&P 500, S&P 500 + DJIA |
Price continues to move higher towards the next target. The main Elliott wave count essentially remains the same. An alternate Elliott wave count is used due to the increased risk of a pullback or consolidation developing here. Summary: The next target is at 3,332. It...
