by Lara | Feb 21, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement for the start of the week breaks above a prior small consolidation with a breakaway gap. Gaps can be useful for trading. The target given by the Elliott wave count can now be calculated at two degrees, so it widens to a small zone. Summary: The...
by Lara | Jan 17, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected from the Elliott wave count and classic technical analysis for Tuesday’s session. This is what has happened. Summary: Some downwards movement to find support at the lilac / purple trend line is expected, about 2,211. If this...
by Lara | Dec 17, 2016 | S&P 500, S&P 500 + DJIA |
Friday was expected to begin with some upwards movement, which is how the session began, but price did not move as high as was expected. Overall, sideways movement was expected for a consolidation, which is what is happening. Summary: A consolidation has begun and is...
by Lara | Dec 13, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for intermediate wave (3) to end is at 2,280...
by Lara | Nov 22, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued past the target, which was at 2,199. Summary: A target for upwards movement to end is now at 2,206. The limit is at 2,213.03. A pullback is still expected to begin soon and to find support about 2,120 and the lilac trend line for a test of...
by Lara | Nov 20, 2016 | S&P 500, S&P 500 + DJIA |
A slight new high and then downwards movement was expected for Friday. This is exactly what happened. Summary: Downwards movement is expected to begin on Monday towards 2,120. Divergence between price and the AD line, and price and the McClellan Oscillator supports...
by Lara | Nov 2, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s main and alternate Elliott wave counts expected more downwards movement. This is what happened. The target for the main Elliott wave count remains the same. Summary: A green daily candlestick or a doji may unfold tomorrow as a fourth wave correction...
by Lara | Nov 1, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected, but this is not what happened. The main Elliott wave count was invalidated below 2,111.05 and the alternate Elliott wave count was confirmed. At that stage, only the alternate wave count remained. The target for that wave count remains...
by Lara | Oct 29, 2016 | S&P 500, S&P 500 + DJIA |
A new low below 2,130.19 invalidated the main hourly Elliott wave count and confirmed the alternate hourly Elliott wave count. At that stage, downwards movement was expected to move slightly below 2,124.43, finding support at the lilac trend line. Price found its low...
