by Lara | Jul 12, 2017 | S&P 500, S&P 500 + DJIA |
Price remains within confidence points for the main and alternate hourly Elliott wave counts. The breakout should come soon and simple volume analysis may be used to judge which direction is most likely. Summary: Some reasonable bullishness in classic technical...
by Lara | May 13, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day leaves the analysis mostly the same. The strong floor of support about 2,377 continues to hold. Summary: Support should hold and next week should see new all time highs. The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains...
by Lara | Apr 4, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. The session completed a green daily candlestick, but it was an inside day with no new high. Summary: A little downwards movement may unfold for one to three sessions. Price should remain above 2,322.25. If...
by Lara | Jan 11, 2017 | S&P 500, S&P 500 + DJIA |
Although today’s daily candlestick closed green, it made a lower high and a lower low (which is the definition of downwards movement). This was expected for the Elliott wave count. The short term resistance line on the hourly chart neatly showed where upwards...
