by Lara | Jul 9, 2018 | S&P 500, S&P 500 + DJIA |
Last end of week analysis expected that a third wave upwards was unfolding. Another strong upwards day exactly fits this expectation. Summary: The AD line and On Balance Volume again both make new all time highs today. Expect upwards movement to continue. The next...
by Lara | Jun 13, 2018 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected as most likely for Wednesday’s session, which is what happened. Summary: It looks like this small consolidation may end tomorrow about 2,769. Thereafter, the upwards trend is expected to resume. The mid to longer term target is at...
by Lara | May 10, 2018 | S&P 500, S&P 500 + DJIA |
A strong signal from the AD line today means that the alternate Elliott wave counts will be discarded. There is now reasonable confidence in the main Elliott wave count. Today’s open gap may be used to calculate a target using classic technical analysis, to add...
by Lara | Apr 27, 2018 | S&P 500, S&P 500 + DJIA |
Price gapped higher but did not reach the short term target before turning a little lower in a mostly sideways day for Friday. At the end of this week, there are signals from On Balance Volume, the AD line, and VIX that support the Elliott wave counts. Summary: A...
by Lara | Apr 11, 2018 | S&P 500, S&P 500 + DJIA |
A small inside day changes the Elliott wave counts only slightly at the hourly chart level. Summary: If resistance about 2,670 – 2,675 can be overcome, then the upwards swing should continue. The first target is at 2,705. If price keeps rising through the first...
by Lara | Mar 21, 2018 | S&P 500, S&P 500 + DJIA |
An upwards bounce and quick reversal today completes a Gravestone doji candlestick. Summary: The target for more downwards movement is 2,632. Weak bullish signals today from the AD line and VIX put slight doubt on this view. Always practice good risk management....
by Lara | Feb 28, 2018 | S&P 500, S&P 500 + DJIA |
Some more downwards movement was expected but the target at 2,733 was inadequate. The main and alternate Elliott wave counts are swapped over today. Summary: Expect overall downwards movement to continue to about 2,584 – 2,571. Price may find support about the...
by Lara | Feb 7, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement has unfolded for Wednesday’s session as expected from yesterday’s Elliott wave count and technical analysis. Summary: It still looks more likely that a low may be in place. The targets are either 2,909, 2,920 or 3,104. However, risk still...
by Lara | Jan 20, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement continued for Friday to another new all time high as the main Elliott wave count expected. Summary: Assume the upwards trend may remain intact and the next target for an interruption is at 2,821. An alternate looks at a correction or pullback underway...
