by Lara | May 25, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high at the open gap up invalidated the alternate Elliott wave count providing confidence in the main Elliott wave count. The target remains the same. Summary: The target is at 2,440 (Elliott wave target) in the first instance, and may be as high as...
by Lara | May 11, 2017 | S&P 500, S&P 500 + DJIA |
A strong whipsaw moved below the short term invalidation point on the hourly Elliott wave count. However, downwards movement was quickly retraced and today’s candlestick looks very bullish. Summary: There is enough bullishness in the daily technical analysis to...
by Lara | May 10, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day closes green. Price remains above stops on long positions. The Elliott wave analysis remains the same. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should keep stops on...
by Lara | May 9, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues with a new all time high. Downwards movement at the end of this session remains above stops on long positions. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should...
by Lara | Apr 22, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways. A large symmetrical triangle may be forming. Summary: Sideways movement is expected to continue for maybe as long as another 19 sessions. Thereafter, the upwards trend should resume towards the final target at 2,500. New updates to...
by Lara | Apr 1, 2017 | S&P 500, S&P 500 + DJIA |
A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation. Summary: The main Elliott wave count expects a little more downwards movement on Monday to either 2,358 or 2,354. If using this small pullback to enter the longer...
by Lara | Mar 18, 2017 | S&P 500, S&P 500 + DJIA |
On Friday another downwards day unfolded exactly as expected for the S&P500. Summary: A shallow pullback looks very likely now to have arrived. It may continue for another few days and possibly a few weeks longer. Target zones are either 2,368 – 2,353 or...
by Lara | Mar 13, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved sideways in a small range for Monday’s session. This fits the hourly Elliott wave count and the alternate daily Elliott wave count best. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another five days and...
by Lara | Feb 25, 2017 | S&P 500, S&P 500 + DJIA |
A downwards day was not expected for Friday. The slight new lower high and lower low essentially moved price sideways for the session. Summary: A consolidation may end Monday with a short wave down to end below 2,352.87. Thereafter, the upwards trend should resume....
