by Lara | Aug 16, 2017 | S&P 500, S&P 500 + DJIA |
The target for upwards movement was not met, but price did move higher towards it. The target is recalculated today. Summary: Allow for the possibility of a little more upwards movement while price remains within the best fit channel, but it should not make a new all...
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 12, 2017 | S&P 500, S&P 500 + DJIA |
A small inside day for Friday changes the very short term picture only slightly. Summary: A bounce may have begun on Friday. Some confidence in this view may be had if price makes a new high above 2,448.09 now. The target is either 2,458 or 2,470. Primary wave 4 may...
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 | Aug 1, 2017 | S&P 500, S&P 500 + DJIA |
A little more upwards movement fits both hourly Elliott wave counts. Summary: We should always assume the trend remains the same until proven otherwise. While it is possible that primary wave 3 may be over, assume that it may continue higher while price remains above...
by Lara | Jul 31, 2017 | S&P 500, S&P 500 + DJIA |
A little upwards movement was expected for Monday. Price fell 2.04 points short of the target on the main hourly Elliott wave chart before turning lower to print a red daily candlestick. Summary: We should always assume the trend remains the same until proven...
by Lara | Jul 22, 2017 | S&P 500, S&P 500 + DJIA |
A short term pullback was expected to begin on Friday. A downwards day completed with a lower low and a lower high, exactly as expected. Summary: The trend is up. Trading with the trend is the safest approach for your account. Use corrections as an opportunity to join...
by Lara | Jul 9, 2017 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected for Friday, which is exactly what happened. Summary: Expect now a multi week to multi month pullback has begun. The target zone for it to end is about 2,400 to 2,322. Expect downwards movement from here to now start to show an...
by Lara | Jul 5, 2017 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Wednesday’s session. Price has made a lower low and a lower high, the definition of downwards movement, but the candlestick has closed green after a rally at the end of the session. Summary: Expect now a multi week to...
