by Lara | Mar 18, 2019 | S&P 500, S&P 500 + DJIA |
Now that price has broken above resistance more upwards movement was expected. The Elliott wave target remains the same. Summary: A close above resistance at 2,815 (November 2018 highs) on an upwards day with support from volume is a classic upwards breakout. A third...
by Lara | Mar 14, 2019 | S&P 500, S&P 500 + DJIA |
A very small range inside day is inconclusive. The short-term structure on the hourly chart prompts another way to look at the alternate Elliott wave count today. Summary: A new target for upwards movement to be interrupted by a larger correction is now about 2,896....
by Lara | Feb 21, 2019 | S&P 500, S&P 500 + DJIA |
Today’s small pullback is analysed for internal strength or weakness. The Elliott wave count is adjusted for the short term while the mid-term target remains the same. Summary: The target is at 2,856. If the target is wrong, it may be too high; there is very...
by Lara | Feb 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected and the target remains the same. Summary: The target is at 2,856. If the target is wrong, it may be too high; there is very strong resistance just above at 2,800 to 2,815. The upwards trend should be assumed to continue as long...
by Lara | Jan 28, 2019 | S&P 500, S&P 500 + DJIA |
Price has essentially moved sideways for Monday’s session, which is what the Elliott wave count expected. Summary: The first large correction within cycle wave V may have arrived. It may be labelled either intermediate wave (1) or primary wave 1. Classic...
by Lara | Jan 24, 2019 | S&P 500, S&P 500 + DJIA |
A small inside day fits both Elliott wave counts. Summary: The first large pullback within cycle wave V may have arrived. It may be labelled either intermediate wave (1) or primary wave 1. The target is at 2,472, which may be met in three or five weeks. It is also...
by Lara | Dec 28, 2018 | S&P 500, S&P 500 + DJIA |
Two Elliott wave counts are published now for members. The main Elliott wave count has slightly more support from classic technical analysis. Summary: A low may now be in place. Confidence in this view may be had if price makes a new high above 2,631.09. It it does,...
by Lara | Dec 20, 2018 | S&P 500, S&P 500 + DJIA |
Overall more downwards movement was expected from the new main Elliott wave count. Summary: It does not look like a low is in place yet. Expect price to continue falling. A small bounce may unfold here or very soon for the very short term for minor wave 4, which may...
by Lara | Nov 28, 2018 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected as most likely for Wednesday. The target on the main Elliott wave count remains the same. Summary: A target for the next wave up is 2,973. Some reasonable confidence in an upwards trend may be had today. The main wave count now expects...
