by Lara | Aug 29, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. This is how the session began, but price recovered well by the end of the session to come up to touch the trend line expected to provide resistance on the hourly chart. Summary: The bigger picture sees the S&P now in a primary...
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 | 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 6, 2017 | S&P 500, S&P 500 + DJIA |
Again, upwards movement was expected. The session closed green although it completed with a lower low and a lower high, the definition of downwards movement. Price remains range bound between resistance at about 2,370 and support at about 2,340. The breakout will...
by Lara | Mar 22, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement continued, as expected, and found support at three different trend lines. Summary: It is reasonably likely that downwards movement may halt here because price is at multiple support lines and exhibits bullish divergence with the AD line. A new high...
by Lara | Mar 1, 2017 | S&P 500, S&P 500 + DJIA |
A new high above 2,367.79 confirmed the alternate hourly wave count, which expected more upwards movement with an increase in momentum to a target at 2,397. The high for the day was 2,400.98. Summary: The picture is very bullish. Volume supports the strong upwards...
by Lara | Jul 14, 2016 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count from yesterday’s analysis expected price to move higher. Assume the trend is the same, until proven otherwise. Summary: In the short term, assume the trend remains up while price remains within the channel on the hourly chart, and...
by Lara | Jun 23, 2016 | S&P 500, S&P 500 + DJIA |
Another small range day moved price lower, which the main Elliott wave count expected, but today classic technical analysis strongly suggests the price direction for tomorrow and so a new hourly chart is published today. Summary: VIX today strongly suggests higher...
by Lara | Jun 4, 2016 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected. Price made a lower high and a lower low for the session. Summary: Downwards movement is still expected for next week; a first wave down is unfolding. The mid term target at 1,916 may be met in another 20 sessions. The long term target...
