by Lara | Aug 5, 2017 | S&P 500, S&P 500 + DJIA |
A small doji at the weekly chart level now puts the trend from up to neutral, at least for the short term. Summary: Assume the trend remains up while price remains above 2,459.93. The Elliott wave target is now at 2,497, and a classic technical analysis target is at...
by Lara | Aug 3, 2017 | S&P 500, S&P 500 + DJIA |
Another small inside day now gives the current consolidation a more typical look. A pennant may be forming. Summary: Assume the trend remains up while price remains above 2,459.93. The Elliott wave target is now at 2,494, and a classic technical analysis target is at...
by Lara | Jul 19, 2017 | S&P 500, S&P 500 + DJIA |
Yesterday’s summary stated: “Expect a green daily candlestick and upwards movement to a short term target at 2,474 – 2,475 tomorrow.” The high today is 2,473.83, just 0.17 short of the 1 point target zone. Summary: The profit target is at...
by Lara | Jul 13, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement has unfolded as expected. Summary: An upwards breakout is expected. The profit target is at 2,478. New updates to this analysis are in bold. Last monthly and weekly charts are here. Last historic analysis video is here. MAIN ELLIOTT WAVE COUNT WEEKLY...
by Lara | Jun 20, 2017 | S&P 500, S&P 500 + DJIA |
A pullback was expected and support is holding. Price remains above the invalidation point. Summary: Assume the trend remains the same, upwards, until proven otherwise. This looks like an upwards breakout now followed by a pullback. Stops for long positions may be set...
by Lara | May 27, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day saw price move sideways for Friday, remaining within the channel on the hourly chart. Summary: The target is at 2,440 (Elliott wave target) to 2,448 (classic analysis target). Expect upwards movement to continue. Corrections are an opportunity to...
by Lara | May 24, 2017 | S&P 500, S&P 500 + DJIA |
The short term expected downwards movement for Wednesday, which again did not happen. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price remains above...
by Lara | Apr 26, 2017 | S&P 500, S&P 500 + DJIA |
A small pullback was expected to unfold here or shortly. An upwards day closes red, with a long upper wick on the candlestick. This looks like a small pullback may have begun at the end of this session. Summary: If a small pullback remains above 2,376.98, then expect...
by Lara | Feb 23, 2017 | S&P 500, S&P 500 + DJIA |
A red daily candlestick with a long lower wick makes the Elliott wave count have a better look now at the daily chart level. Summary: The target at minor degree is recalculated to 2,399. Persistent divergence with price and vix, and now today with price and the AD...
