by Lara | Nov 27, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved sideways in a slightly larger range to print another doji candlestick. Two hourly Elliott wave counts are presented today. Summary: The first Elliott wave target is again at 2,614. A target using the measured rule is 2,634. The second Elliott wave...
by Lara | Nov 25, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as was expected from the main Elliott wave count. The targets remain the same. An alternate wave count is considered, but classic technical analysis indicates it has a lower probability. Summary: The first Elliott wave target is again at...
by Lara | Nov 6, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis expected more upwards movement to begin the new trading week, which is what has happened. The Elliott wave target is just one point off a target using the measured rule and a reliable continuation pattern. Summary: The Elliott wave target is at 2,616 and...
by Lara | Oct 31, 2017 | S&P 500, S&P 500 + DJIA |
A very small range inside day changes the very short term picture only slightly. The Elliott wave targets remain the same and can today be supplemented by a classic analysis target using a reliable short term pattern. Summary: The Elliott wave target is at 2,616 and a...
by Lara | Oct 23, 2017 | S&P 500, S&P 500 + DJIA |
A strong Bearish Engulfing candlestick pattern is a strong warning of a trend change. Summary: A fourth wave may have arrived. Reasonable confidence may be had in this view if price makes a new low below 2,457.92. The fourth wave may be relatively brief and shallow as...
by Lara | Oct 21, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high in the very first hour of Friday’s session confirmed that the upwards trend remains. The Elliott wave target has not been met yet. Members are advised that the trend remains the same until proven otherwise. Summary: The trend remains up. The...
by Lara | Oct 9, 2017 | S&P 500, S&P 500 + DJIA |
A breach of the small channel indicated the alternate hourly Elliott wave count should be used. Thereafter, downwards movement was expected. The candlestick has closed red today. Summary: A pullback or consolidation has most likely begun. It may be shallow, choppy,...
by Lara | Aug 24, 2017 | S&P 500, S&P 500 + DJIA |
Price is moving sideways in a small range for the last two sessions. The short term direction expected by the Elliott wave count remains the same. 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 22, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session but the target at 2,448 was inadequate. Price moved 6.77 points above the target. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find support at...
