by Lara | Feb 25, 2020 | S&P 500, S&P 500 + DJIA |
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 | S&P 500, S&P 500 + DJIA |
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 | S&P 500, S&P 500 + DJIA |
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 | S&P 500, S&P 500 + DJIA |
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 | S&P 500, S&P 500 + DJIA |
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 | S&P 500, S&P 500 + DJIA |
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...
by Lara | Dec 10, 2019 | S&P 500, S&P 500 + DJIA |
Now two small range days in a row have moved price lower. This fits with the expectation of a consolidation to continue. Summary: Minor wave 4 may continue for another two weeks or so and may continue to find support about 3,070. It may be a choppy overlapping...
by Lara | Dec 6, 2019 | S&P 500, S&P 500 + DJIA |
Overall, this week’s analysis has expected a consolidation or pullback for an Elliott wave fourth wave correction. That view remains unchanged at the end of this week. Summary: Minor wave 4 may continue for about two weeks or so and may find next support about...
by Lara | Nov 15, 2019 | S&P 500, S&P 500 + DJIA |
Another strong upwards day continues price towards the Elliott wave target. Summary: The next target at 3,179 is where minor wave 4 may begin (expect it to be very shallow). Thereafter, the next target is at 3,302 and then 3,336. Three large pullbacks or...
