by Lara | Aug 14, 2017 | S&P 500, S&P 500 + DJIA |
Price moved higher as the main Elliott wave count expected. Summary: If price makes a new high above 2,462.59 tomorrow, then the target for the bounce to end is at 2,482. If price breaks below the upwards sloping green channel on the hourly charts tomorrow, then...
by Lara | Aug 3, 2017 | S&P 500, S&P 500 + DJIA |
Another small inside day now gives the current consolidation a more typical look. A pennant may be forming. Summary: Assume the trend remains up while price remains above 2,459.93. The Elliott wave target is now at 2,494, and a classic technical analysis target is at...
by Lara | Aug 2, 2017 | S&P 500, S&P 500 + DJIA |
Sideways movement completes an outside day and fits both Elliott wave counts. This market is again range bound. Summary: Assume the trend remains up while price remains above 2,459.93. The target is at 2,500 now. A new low now below 2,459.93 would add some confidence...
by Lara | Jun 12, 2017 | S&P 500, S&P 500 + DJIA |
Sideways movement was expected for Monday, which is exactly what happened. 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 term upwards trend. New...
by Lara | May 17, 2017 | S&P 500, S&P 500 + DJIA |
The main hourly Elliott wave count was invalidated within the first hour of the session. Two alternate hourly wave counts remained. Summary: Price is at support and On Balance Volume is at support, and for these reasons the main wave count will expect an end to the...
by Lara | May 8, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high was expected from last analysis. The Elliott wave count remains the same and the weekly technical analysis still sounds a strong warning. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level...
by Lara | May 6, 2017 | S&P 500, S&P 500 + DJIA |
An upwards breakout from a bull flag pattern was expected. This looks like what has happened at the end of Friday’s session. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should keep...
by Lara | Apr 17, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected to begin the new trading week. This is not what happened. Upwards movement invalidated the hourly Elliott wave count. Summary: If price makes a new high above 2,353.99, then the alternate would have more confidence. Expect the next wave...
by Lara | Apr 12, 2017 | S&P 500, S&P 500 + DJIA |
Price is still range bound, completing an inside day. The breakout is now expected to come tomorrow. Summary: The main and alternate wave counts are swapped over today on weight of a downwards breakout by On Balance Volume. The new main wave count expects that price...
