by Lara | Nov 23, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again. A green daily candlestick was printed, but it is technically an inside day with no new high. Summary: Expect the trend to continue while price remains above 2,182.30. While upwards movement continues, the next target is at 2,227. A...
by Lara | Oct 10, 2016 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected for Monday, which is what happened. The short term triangle on the Elliott wave count remains valid. Summary: A red daily candlestick may unfold tomorrow within the sideways triangle, which continues. When sideways movement is...
by Lara | Oct 8, 2016 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Friday, which is what happened. The short term triangle on the Elliott wave count remains valid. Summary: In the short term, Monday may print a green daily candlestick, or possibly a doji. Overall sideways movement Monday may...
by Lara | Sep 14, 2016 | S&P 500, S&P 500 + DJIA |
Price is still within the confirmation / invalidation points and so both Elliott wave counts still remain valid. Summary: Classic technical analysis today favours the alternate Elliott wave count. A new low below 2,111.05 would confirm the alternate. Price should then...
by Lara | Aug 25, 2016 | S&P 500, S&P 500 + DJIA |
Price moved sideways to complete another small daily doji candlestick. Both Elliott wave counts remain valid. The S&P is today giving conflicting signals from volume, On Balance Volume, and VIX. Summary: On Balance Volume today is giving a bearish signal and VIX...
by Lara | Aug 3, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected upwards movement for Wednesday’s session, which is what happened. Summary: This pullback is more likely to be over than to continue lower. A new high above 2,178.29 would add confidence to this view. Alternatively, a new low...
by Lara | Jul 13, 2016 | Dow Theory, S&P 500, S&P 500 + DJIA, S&P 500 Historical |
The two daily Elliott wave counts today are judged to have about an even probability. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price is above 2,136.32. There is some bullishness today from...
by Lara | Jun 20, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement unfolded as expected for the session. Summary: A correction most likely ended today with a throwback to test resistance at the black trend line on the daily chart. A short term target for the next wave down is 1,987. Trading advice (not intended for...
by Lara | Jun 1, 2016 | S&P 500, S&P 500 + DJIA |
Price moved lower as expected but ended the session higher to complete a green candlestick. Price remained below the invalidation point on the hourly chart for the session. Summary: The wave count now expects to see a third wave down. The short term target is now at...
