by Lara | Jan 25, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues, which fits the larger picture of the main Elliott wave count. Summary: Price has broken out upwards from a flag pattern. A target using the measured rule is 2,323 and an Elliott wave target is 2,382. Classic analysis today is very bullish....
by Lara | Jan 23, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected, but it remains within the prior range of sideways movement. There has been no breakout yet. Summary: Some downwards movement to find support at the lilac / purple trend line is expected. If this correction ends in a total Fibonacci 34...
by Lara | Jan 13, 2017 | Public Analysis, S&P 500, S&P 500 + DJIA |
Downwards movement was again expected, but this time did not eventuate for Friday. Price moved higher but did not make a new high, and volume was weaker. Note: NYSE is closed on Monday, so there will be no new price action from BarChart to analyse. Next analysis of...
by Lara | Dec 21, 2016 | S&P 500, S&P 500 + DJIA |
A downwards day remains within the small pattern forming. Summary: A small pennant pattern may be completing, the target would be about 2,359 (measured rule) or 2,473 (Elliott wave). However, ADX is still extreme in the short term at the daily chart level, and VIX is...
by Lara | Dec 17, 2016 | S&P 500, S&P 500 + DJIA |
Friday was expected to begin with some upwards movement, which is how the session began, but price did not move as high as was expected. Overall, sideways movement was expected for a consolidation, which is what is happening. Summary: A consolidation has begun and is...
by Lara | Dec 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Monday’s session. Price today has made a new all time high. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for...
by Lara | Dec 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as expected. Summary: There are two days in a row of strong divergence between price and VIX, and now RSI is overbought and Stochastics shows some divergence while extreme. These indicators point to a downwards day here to start a short...
by Lara | Dec 5, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again for Monday, which is exactly what has happened. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 – 2,227. This bull market is ageing, but it still...
by Lara | Dec 3, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. A small green doji completes an inside day, which mostly fits expectations. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 –...
