by Lara | May 23, 2017 | S&P 500, S&P 500 + DJIA |
A red daily candlestick was expected for Tuesday’s session, buy this is not what happened. Price moved slightly higher to complete a small green candlestick. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains...
by Lara | May 22, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected upwards movement. This is what has happened to start the new week. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price...
by Lara | May 18, 2017 | S&P 500, S&P 500 + DJIA |
A bounce was expected for Thursday’s session and this is exactly what happened. Summary: This upwards bounce may be a counter trend bounce. If price makes a new low below 2,344.51 tomorrow, then the wave count would see either intermediate wave 4 or primary wave...
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 16, 2017 | S&P 500, S&P 500 + DJIA |
The main wave count expected more upwards movement, which is what has happened. Targets remain the same. Summary: The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains extreme, so extreme caution is still advised. If price closes the gap by...
by Lara | May 16, 2017 | S&P 500, S&P 500 + DJIA |
New all time highs were expected for this week and that is exactly what has happened this Monday. Summary: The target remains at 2,459 or 2,469. However, ADX on the weekly chart remains extreme, so extreme caution is still advised. If price closes the gap by moving...
by Lara | Apr 26, 2017 | S&P 500, S&P 500 + DJIA |
A small pullback was expected to unfold here or shortly. An upwards day closes red, with a long upper wick on the candlestick. This looks like a small pullback may have begun at the end of this session. Summary: If a small pullback remains above 2,376.98, then expect...
by Lara | Apr 20, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways. Summary: Only one wave count is left now, which expects sideways movement to continue for another 20 sessions. Thereafter, the upwards trend should resume towards the final target at 2,500. New updates to this analysis are in bold....
by Lara | Apr 19, 2017 | S&P 500, S&P 500 + DJIA |
Price continues to move sideways supporting the alternate Elliott wave count. Both wave counts remain valid. Summary: The main wave count still expects a deeper pullback here to 2,299 – 2,297, which may be reached in a very few days. An alternate expects...
