by Lara | Dec 16, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected more upwards movement. A new all time high adds confidence to the target. Summary: The target remains at 2,773. The market is overbought and overstretched at the daily and weekly chart levels, but there are no bearish signals yet...
by Lara | Dec 14, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis expected at least a little more downwards movement for Thursday’s session. The main hourly chart expected movement to about 2,654, and the low for the session was just below this point at 2,652.10. A candlestick reversal pattern on the S&P and...
by Lara | Dec 13, 2017 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected a little upwards movement to a short term target at 2,672, to then be followed by a pullback. Price began the session with a new high to 2,671.88 and from there turned downwards to complete a red daily candlestick. Summary: For the...
by Lara | Oct 24, 2017 | S&P 500, S&P 500 + DJIA |
A small doji after the Bearish Engulfing Candlestick pattern completes a Bearish Harami Cross. Summary: A new wave count today will assume the trend remains the same while price remains above 2,457.92. It is published as a second alternate. If price makes a new all...
by Lara | Oct 23, 2017 | S&P 500, S&P 500 + DJIA |
A strong Bearish Engulfing candlestick pattern is a strong warning of a trend change. Summary: A fourth wave may have arrived. Reasonable confidence may be had in this view if price makes a new low below 2,457.92. The fourth wave may be relatively brief and shallow as...
by Lara | Oct 2, 2017 | S&P 500, S&P 500 + DJIA |
Price continues higher as expected, well exceeding the last Elliott wave target and a classic analysis target using the measured rule. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next short term target is...
by Lara | Sep 13, 2017 | S&P 500, S&P 500 + DJIA |
Again, last analysis warned that upwards movement may not be over and outlined what to look for to see if it was. There was room for more upwards movement, which is what has happened. A strong warning may come from On Balance Volume in the next 24 hours. Summary: One...
by Lara | Aug 27, 2017 | S&P 500, S&P 500 + DJIA |
Another small sideways day completes a Shooting Star candlestick pattern. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find support at the maroon channel on the weekly chart. For the short term,...
by Lara | Aug 7, 2017 | S&P 500, S&P 500 + DJIA |
A small diamond pattern may be forming. This supports the Elliott wave count. Summary: It looks likely now that primary wave 3 may be over and primary wave 4 may be in its very early stages. Some confidence in this view may be had if price makes a new low below...
