by Lara | Dec 19, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement for Tuesday’s session remains above the invalidation point on the hourly chart. A new alternate wave count is today presented for consideration. Summary: The target for minor wave 3 to end is at 2,833. But if this is wrong, it may now be too...
by Lara | Nov 30, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as expected. The Elliott wave target remains the same. Summary: The next Elliott wave target is 2,773. While price remains above 2,606.41 and within the yellow best fit channel on the hourly chart, then assume the upwards trend remains...
by Lara | Aug 28, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
Bearish divergence noted in last analysis between price and breadth and price and volatility has been followed by a downwards day. This was expected. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find...
by Lara | Aug 9, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected for Wednesday’s session. Summary: It now looks likely that primary wave 3 has ended and primary wave 4 may be beginning. Some confidence in this view may be had if price makes a new low below 2,462.17. Primary wave 4 may be...
by Lara | Jul 12, 2017 | S&P 500, S&P 500 + DJIA |
A green daily candlestick has unfolded for Wednesday’s session exactly as was expected in yesterday’s summary. With some price confidence, now the alternate and main Elliott wave counts are swapped over. Summary: An upwards breakout is expected. The profit...
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 | Jun 27, 2017 | S&P 500, S&P 500 + DJIA |
A new low below 2,422.88 has invalidated the main Elliott wave count and confirmed the alternate. Yesterday’s bearish divergence between price and the AD line and VIX did warn of a possible breakdown. Summary: Expect now a multi week to multi month pullback has...
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...
