by Lara | Jul 17, 2019 | S&P 500, S&P 500 + DJIA |
Downwards movement remains above the invalidation point on the daily chart. The short-term hourly chart is today relabelled after the pullback of this session. Summary: This pullback may end in another one session with a slight new low. Thereafter, the upwards trend...
by Lara | Jul 15, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected to continue. A new high today fits this expectation. The two short-term Elliott wave counts today diverge very slightly, but the larger Elliott wave count remains exactly the same. Summary: The bull market is expected to continue and...
by Lara | Jun 22, 2019 | S&P 500, S&P 500 + DJIA |
Further upwards movement continues as expected from the Elliott wave count. Summary: The low of December 2018 is expected to most likely remain intact. The next short-term target is at 3,068 (Elliott wave) to 3,079 (classic analysis from the pennant). This next...
by Lara | Jun 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement has continued for the session as expected. The Elliott wave counts remain the same. Summary: The low of December 2018 is expected to most likely remain intact. New all time highs are expected soon. The next short-term target is at 3,068 (Elliott wave)...
by Lara | May 29, 2019 | S&P 500, S&P 500 + DJIA |
The most likely scenario expected yesterday was for downwards movement to continue, which is what has happened. The first target is met and the structure is incomplete. The second target will now be used. Summary: The low of December 2018 is expected to most likely...
by Lara | May 6, 2019 | S&P 500, S&P 500 + DJIA |
For the very short term, a little downwards movement to 2,894 and at least below 2,900.50 was expected to begin the week. The low for Monday at 2,898.21 fits the expectation reasonably well. Price remains range bound. Summary: A consolidation may continue sideways for...
by Lara | May 2, 2019 | S&P 500, S&P 500 + DJIA |
Yesterday’s Elliott wave count expected more downwards movement, and this view had support from a Bearish Engulfing candlestick reversal pattern on the daily chart. For today’s session, more downwards movement is what has occurred. Summary: Primary wave 3...
by Lara | Apr 11, 2019 | S&P 500, S&P 500 + DJIA |
A very small range upwards day remains below the prior high and overall fits the short-term picture for the Elliott wave count. Summary: A pullback or consolidation may continue for about another two days. Look for support at the lower edge of the best fit channel and...
by Lara | Apr 8, 2019 | S&P 500, S&P 500 + DJIA |
A new high for Monday continues the upwards trend. The Elliott wave count remains the same and the target from the pennant pattern has not yet been met. Summary: The upwards trend should continue. The mid-term Elliott wave target remains the same at 3,010 and the...
