by Lara | Dec 16, 2017 | S&P 500, S&P 500 + DJIA |
The main Elliott wave count expected more upwards movement. A new all time high adds confidence to the target. Summary: The target remains at 2,773. The market is overbought and overstretched at the daily and weekly chart levels, but there are no bearish signals yet...
by Lara | Dec 13, 2017 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected a little upwards movement to a short term target at 2,672, to then be followed by a pullback. Price began the session with a new high to 2,671.88 and from there turned downwards to complete a red daily candlestick. Summary: For the...
by Lara | Oct 24, 2017 | S&P 500, S&P 500 + DJIA |
A small doji after the Bearish Engulfing Candlestick pattern completes a Bearish Harami Cross. Summary: A new wave count today will assume the trend remains the same while price remains above 2,457.92. It is published as a second alternate. If price makes a new all...
by Lara | Oct 2, 2017 | S&P 500, S&P 500 + DJIA |
Price continues higher as expected, well exceeding the last Elliott wave target and a classic analysis target using the measured rule. Summary: On Balance Volume and the AD line remain very bullish, supporting the main Elliott wave count. The next short term target is...
by Lara | Sep 13, 2017 | S&P 500, S&P 500 + DJIA |
Again, last analysis warned that upwards movement may not be over and outlined what to look for to see if it was. There was room for more upwards movement, which is what has happened. A strong warning may come from On Balance Volume in the next 24 hours. Summary: One...
by Lara | Aug 27, 2017 | S&P 500, S&P 500 + DJIA |
Another small sideways day completes a Shooting Star candlestick pattern. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find support at the maroon channel on the weekly chart. For the short term,...
by Lara | Aug 7, 2017 | S&P 500, S&P 500 + DJIA |
A small diamond pattern may be forming. This supports the Elliott wave count. Summary: It looks likely now that primary wave 3 may be over and primary wave 4 may be in its very early stages. Some confidence in this view may be had if price makes a new low below...
by Lara | Aug 5, 2017 | S&P 500, S&P 500 + DJIA |
A small doji at the weekly chart level now puts the trend from up to neutral, at least for the short term. Summary: Assume the trend remains up while price remains above 2,459.93. The Elliott wave target is now at 2,497, and a classic technical analysis target is at...
by Lara | Aug 3, 2017 | S&P 500, S&P 500 + DJIA |
Another small inside day now gives the current consolidation a more typical look. A pennant may be forming. Summary: Assume the trend remains up while price remains above 2,459.93. The Elliott wave target is now at 2,494, and a classic technical analysis target is at...
