by Lara | Mar 23, 2020 | Uncategorized |
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 | Uncategorized |
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 | Feb 27, 2020 | Uncategorized |
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 | Uncategorized |
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 3, 2020 | Uncategorized |
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 | Uncategorized |
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 8, 2020 | Uncategorized |
Yesterday’s main Elliott wave count expected upwards movement to continue. The target remains the same. Summary: At this stage, it is possible that minor wave 3 could be over. Confidence in this view is required with a new low below 3,244.91. If price continues...
by Lara | Jan 7, 2020 | Uncategorized |
A small inside day continues a small consolidation. The main and alternate short-term Elliott wave counts remain essentially the same. Summary: At this stage, it is possible that minor wave 3 could be over. Confidence in this view is required with a new low below...
by Lara | Jan 2, 2020 | Uncategorized |
Price is now very close to the Elliott wave target at 3,260. Summary: There is now some bearish divergence with extreme conditions. Minor wave 4 may arrive tomorrow. The short-term target at 3,260 remains the same. Three large pullbacks or consolidations (fourth...
