by Lara | Nov 7, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high at the start of the session has been followed by a small pullback. A pullback was expected from the last Elliott wave analysis as another second wave correction. Summary: The Elliott wave target is at 2,616 and a target from a small pennant pattern...
by Lara | Sep 7, 2017 | S&P 500, S&P 500 + DJIA |
For the short term, downwards movement was expected for Thursday’s session. An inside day completes as a red daily candlestick, mostly meeting expectations but not as clear as hoped for. Summary: With the last wave up now looking very much like a three, have...
by Lara | May 22, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected upwards movement. This is what has happened to start the new week. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price...
by Lara | May 6, 2017 | S&P 500, S&P 500 + DJIA |
An upwards breakout from a bull flag pattern was expected. This looks like what has happened at the end of Friday’s session. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should keep...
by Lara | Apr 17, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected to begin the new trading week. This is not what happened. Upwards movement invalidated the hourly Elliott wave count. Summary: If price makes a new high above 2,353.99, then the alternate would have more confidence. Expect the next wave...
by Lara | Mar 28, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved higher for Tuesday as expected. A new high above 2,354.54 supports the main wave count over the alternate. Summary: The next wave up to a target at 2,455 may have begun today. The invalidation point is at 2,327.58. When a five up for minute wave i is...
by Lara | Mar 8, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement is unfolding as the Elliott wave count and classic technical analysis expected. Summary: A deeper pullback may have arrived. It may last about one to three months and may end either 2,368 – 2,353 or 2,282 – 2,234. A new low below...
by Lara | Feb 16, 2017 | S&P 500, S&P 500 + DJIA |
Thursday’s session was expected as very likely to see price move lower due to strong and unusual divergence between price and VIX for Wednesday’s session, which was interpreted as bearish. Thursday made a slightly higher high and a higher low, the...
by Lara | Jan 25, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues, which fits the larger picture of the main Elliott wave count. Summary: Price has broken out upwards from a flag pattern. A target using the measured rule is 2,323 and an Elliott wave target is 2,382. Classic analysis today is very bullish....
