by Lara | Apr 1, 2020 | Uncategorized |
S&P 500: Elliott Wave and Technical Analysis | Charts – April 1, 2020 Sideways or lower movement was expected to continue this week, which is exactly what is happening. The multi-year trend channel continues to provide strong resistance for a typical back test....
by Lara | Mar 6, 2020 | Uncategorized
by Lara | Mar 6, 2020 | Uncategorized |
Last analysis expected for very short-term movement to move at least slightly below 2,977.24 before an upwards swing began. Price did move lower reaching 2,901.55 and from there bounced up to end the session green. Summary: There is no evidence to suggest the larger...
by Lara | Feb 11, 2020 | Uncategorized |
Today both Elliott wave counts remain valid. Specific price points will be used to identify which is most likely tomorrow. Summary: A new high above 3,375.63 would indicate more upwards movement. The target would be at 3,415. If today’s gap is closed with a new...
by Lara | Jan 16, 2020 | Uncategorized |
Price is now at the upper edge of a multi-year channel. The Elliott wave counts remain essentially the same. Summary: The next target is at 3,323 or 3,332, but targets may not be met and price may reverse here if the multi-year channel provides resistance. It is...
by Lara | Dec 17, 2019 | Uncategorized |
The Elliott wave count has expected overall upwards movement for almost the entire year, which is what has happened. Shorter-term pullbacks and consolidations may be indicated with warning signs from one or more of On Balance Volume, RSI, the AD line or inverted VIX....
by Lara | Dec 16, 2019 | Uncategorized |
Price continues to move higher towards the next Elliott wave target exactly as expected. Today a small gap is used to calculate a new short-term target. Summary: The next target is now at 3,238 to 3,240, but this may be too high. About this target a fourth wave...
by Lara | Nov 25, 2019 | Uncategorized |
The upwards trend was expected to resume this week. A new all time high and a strong close is exactly what was expected. The Elliott wave structure unfolds as expected and the target so far remains the same. Summary: The next target at 3,179 is where minor wave 4 may...
by Lara | Oct 31, 2019 | Uncategorized |
A breach of the channel on the hourly chart indicated a small pullback may be underway. Price remains above the invalidation point. Both short-term Elliott wave counts remain valid. Summary: The next target is at 3,120. Overall, expect upwards movement to continue....
