by Lara | Oct 18, 2017 | S&P 500, S&P 500 + DJIA |
The short term Elliott wave count is changed but the target remains the same. A new alternate Elliott wave count with a new short term target fits continuing bearishness with indicators, notably market breadth, VIX and RSI. Summary: The structure is now incomplete and...
by Lara | Oct 17, 2017 | S&P 500, S&P 500 + DJIA |
Bearish divergence continues today, which supports the expectation of a pullback. Summary: Bearish divergence continues with the AD line and VIX, so for this reason the expectation of a pullback beginning here will remain. While the trend remains up, look out for at...
by Lara | Oct 6, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected but price has moved sideways for Friday to complete an inside day. The short term Elliott wave count is slightly adjusted at the hourly chart level today. Summary: Assume the trend remains up while price remains within the violet channel...
by Lara | Sep 30, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to rise as expected from the Elliott wave count and classic technical analysis. The Elliott wave target coincides nicely with a classic analysis target calculated using the measured rule from a small flag pattern. Summary: On Balance Volume and the AD...
by Lara | Sep 28, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues towards targets as expected. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next target is now at 2,521 to 2,526, but now it does not look like it may be met in another one session...
by Lara | Sep 26, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Tuesday’s session. A higher high and a higher low fits the definition of upwards movement, but the candlestick has closed red. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave...
by Lara | Sep 25, 2017 | S&P 500, S&P 500 + DJIA |
Price moved lower to break below the very close by invalidation point on the hourly chart. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next target is now at 2,521 to 2,526. It may be met in another 3...
by Lara | Sep 19, 2017 | S&P 500, S&P 500 + DJIA |
A very small doji for an inside day sees the Elliott wave counts remain the same. The AD line as a measure of market breadth today gives another signal. Summary: Assume the trend remains upwards while price remains above 2,480.38. The very clear and strong bullish...
by Lara | Sep 16, 2017 | S&P 500, S&P 500 + DJIA |
Price moved to record new all time high. Summary: On Balance Volume after Friday’s session gives bullish signals which support the alternate Elliott wave count. A short term target is at 2,531 in the first instance. If Monday sees price move lower, then a new...
