by Lara | Nov 28, 2017 | S&P 500, S&P 500 + DJIA |
The first target was met and passed today. Price continues higher towards the second target, which is calculated from a flag pattern using the measured rule. If price keeps rising through that target, then the next Elliott wave target would be used. Summary: The next...
by Lara | Oct 3, 2017 | S&P 500, S&P 500 + DJIA |
Bullishness in On Balance Volume and rising market breadth all have pointed recently to higher prices. And in yesterday’s analysis it was noted there was a Three White Soldiers candlestick pattern on the daily chart, so higher prices today were completely...
by Lara | Sep 11, 2017 | S&P 500, S&P 500 + DJIA |
A quick spike up was expected to begin the week, but it was expected to move just above 2,469.64 before turning. Price has moved comfortably higher, reaching so far to 2,488.95. Summary: In the short term, it is entirely possible that price may move higher tomorrow....
by Lara | Aug 23, 2017 | S&P 500, S&P 500 + DJIA |
A small doji for Wednesday’s session saw price move sideways in a very small range. The Elliott wave count is only changed for the very short term at the hourly chart level, and only slightly. Summary: The bigger picture sees the S&P now in a primary degree...
by Lara | Jun 21, 2017 | S&P 500, S&P 500 + DJIA |
Price remains above the invalidation point, but the closure of the last gap and price moving back down into the prior consolidation zone puts the breakout as false. The gap was a pattern gap and not a breakaway gap. Summary: Assume the trend remains the same, upwards,...
by Lara | Jun 14, 2017 | S&P 500, S&P 500 + DJIA |
Price remains range bound, which was expected. Wednesday completed an outside day that closed red. Summary: Expect a sideways consolidation to continue this week and likely into next week as well. When it is done, it should offer a good entry point to join the longer...
by Lara | May 27, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day saw price move sideways for Friday, remaining within the channel on the hourly chart. Summary: The target is at 2,440 (Elliott wave target) to 2,448 (classic analysis target). Expect upwards movement to continue. Corrections are an opportunity to...
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...
