by Lara | May 26, 2020 | Uncategorized |
S&P 500: Elliott Wave and Technical Analysis | Charts – May 26, 2020 Upwards movement continued to start the new trading week as the main Elliott wave count had expected. Summary: Targets remain at 3,058 or 3,238. Use the lower edge of the redrawn Elliott channel...
by Lara | Apr 30, 2020 | Uncategorized
S&P 500: Elliott Wave and Technical Analysis | Charts – April 30, 2020 The main Elliott wave count expected some downwards movement, which is what has happened. Both the main and alternate short-term Elliott wave counts will reman valid while price remains within...
by Lara | Apr 7, 2020 | Uncategorized
S&P 500: Elliott Wave and Technical Analysis | Charts – April 7, 2020 Upwards movement continues towards the target as expected. Summary: The bounce may end about 2,934 in another one to few days. Thereafter, the downwards trend may resume with strength. The...
by Lara | Mar 12, 2020 | Uncategorized |
A strong close today below a multi-year trend channel is very bearish and indicates an alternate wave count may be correct. Summary: Yesterday’s alternate Elliott wave count is now the main wave count because although the trend channel was not properly breached...
by Lara | Feb 18, 2020 | Uncategorized |
A small range downwards day remains above the multi-year trend line. A new alternate Elliott wave count is published today. Summary: The trend is up. The target for the next interruption to the trend is at 3,415. A new low now below 3,347.96 would indicate...
by Lara | Jan 23, 2020 | Uncategorized |
A small range downwards day leaves two Elliott wave counts valid. Summary: The next target is at 3,348 and then at 3,379. It is still possible that minor wave 3 could be over. Reasonable confidence in this view may be had with a new low below 3,258.14. The risk of a...
by Lara | Dec 23, 2019 | Uncategorized |
Price continues to move higher as expected. VIX may be sounding an early warning sign of the next pullback or consolidation, but the Elliott wave structure is incomplete and the small 2 point target zone has not yet been met. Summary: The next target is now at 3,238...
by Lara | Nov 29, 2019 | Uncategorized |
A breach of a small short-term channel early on Friday indicated a small correction had begun. The Elliott wave count at that stage expected a small short-term pullback to continue. Summary: A very brief and shallow correction may have begun which must remain above...
by Lara | Nov 6, 2019 | Uncategorized |
A little more downwards movement has unfolded as expected. Summary: For the short term, a small shallow pullback may have ended today. The next larger interruption to the trend may now come before 3,174.78. Three large pullbacks or consolidations during the next few...
