by Lara | Nov 26, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement completes a candlestick reversal pattern. This and volume indicate the Elliott wave counts should be swapped over today. Summary: For the short term, a low may be in place if the teal trend line offers support. A target for the next wave up is either...
by Lara | Nov 5, 2018 | S&P 500, S&P 500 + DJIA |
For the short term, both hourly Elliott wave counts expected the week to begin with a little upwards movement, which is what has happened. Summary: Overall, now expect a bounce to last about two to a few weeks. For the short term, the last open gap may offer support...
by Lara | Nov 1, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement overall was expected to continue. This is what is happening. Summary: Overall, now expect a bounce to last about two to a few weeks. For the short term, the last open gap may offer support at 2,685.43. A primary degree correction should last several...
by Lara | Oct 10, 2018 | S&P 500, S&P 500 + DJIA |
Last analysis expected that a primary degree bearish wave had arrived. Today’s downwards movement overall fits that expectation, although targets were inadequate. Summary: Look for downwards movement to end if price gets down to the 200 day moving average. A...
by Lara | Oct 4, 2018 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point for the main Elliott wave count and above the last swing low on the daily chart. Two Elliott wave counts remain valid. Summary: At this stage, it would be best to let price tell us if primary wave 3 is over or...
by Lara | Oct 2, 2018 | S&P 500, S&P 500 + DJIA |
Another inside day comes with a small signal from the AD line. Summary: At this stage, it would be best to let price tell us if primary wave 3 is over or not. While price remains above 2,864.12, then this may still be another pullback within an ongoing upwards trend....
by Lara | Sep 11, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement is exactly what was expected for the main Elliott wave count. Summary: A bullish engulfing candlestick pattern has support from volume today. It looks like another pullback is over and price is on its way to new highs. A new all time high above...
by Lara | Sep 8, 2018 | S&P 500, S&P 500 + DJIA |
Volume and ATR are used in this end of week analysis to analyse downwards movement for strength or weakness. Both Elliott wave counts remain valid, and there is a clear price point which differentiates them. Summary: The probability of the bearish wave count must now...
by Lara | Aug 19, 2018 | S&P 500, S&P 500 + DJIA |
Another upwards day fits expectations for the short term picture. At the end of this week, strong signals from the AD line reinforce the long term Elliott wave count. Summary: Overall, it still looks most likely that a small Elliott wave triangle may complete early...
