by Lara | Dec 4, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved overall higher to begin the new trading week, towards the new target provided in last analysis. Summary: For the short term, look now for a pullback to about 2,624 or 2,599. This may be a second wave correction. Thereafter, look for upwards movement to...
by Lara | Nov 22, 2017 | S&P 500, S&P 500 + DJIA |
Price is behaving mostly as the new main Elliott wave count expects. Targets remain the same. The AD line gives an important signal today, which will be given weight in the analysis. Summary: The first Elliott wave target is again at 2,614. A target using the measured...
by Lara | Nov 20, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways in a very small range, which at this stage fits the alternate Elliott wave count better than the main Elliott wave count. Both wave counts remain valid. Summary: Price may move sideways this week. Thereafter, it should break out...
by Lara | Nov 17, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day is inconclusive. Members are given guidance on how to draw a trend channel on the hourly chart, and which price point will differentiate the two Elliott wave counts for the short term. Summary: The first target is again at 2,614. A second target is...
by Lara | Nov 15, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was overall expected, but it was expected that price should have a short term bounce first. Downwards movement is now choppy and overlapping, suggesting an Elliott wave diagonal may be unfolding. Summary: The target for a multi day pullback is still...
by Lara | Nov 9, 2017 | S&P 500, S&P 500 + DJIA |
A sharp downwards movement today remained above the invalidation point on the main hourly Elliott wave count, and the long lower wick on this candlestick is interpreted as bullish. Although bears were able to push price sharply lower, they could not hold the lows and...
by Lara | Nov 8, 2017 | S&P 500, S&P 500 + DJIA |
The upwards trend continues overall, and classic technical analysis remains very bullish. Members are advised to go with the trend until price proves it is over. Summary: The Elliott wave target is at 2,616 and a target from a small pennant pattern is 2,617. The...
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 19, 2017 | S&P 500, S&P 500 + DJIA |
Bearishness between price and market breadth, VIX and RSI was the harbinger of a pullback that occurred during Thursday’s session. Two Elliott wave counts illustrate now two possibilities for next movement, and classic analysis is used to determine the...
