Despite a bullish move from the AD line yesterday, price has moved strongly lower. The short to mid-term picture is adjusted with new data, but the longer-term picture remains the same. Today the AD line indicates how much more downwards movement may be in store.

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S&P 500: Elliott Wave and Technical Analysis | Charts – July 8, 2019

July 8, 2019UncategorizedLara

A very small range inside day breaches the lower edge of a channel that had previously contained all pullbacks. The short-term Elliott wave count is today changed.

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S&P 500: Elliott Wave and Technical Analysis | Charts – June 12, 2019

June 12, 2019UncategorizedLara

A consolidation or pullback was expected to continue and to be relatively brief and shallow. A small range downwards day fits this expectation.

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S&P 500: Elliott Wave and Technical Analysis | Charts – May 20, 2019

May 20, 2019UncategorizedLara

A small range day remains inside last week’s range leaving all three short-term Elliott wave counts unchanged.

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S&P 500: Elliott Wave and Technical Analysis | Charts – April 25, 2019

April 25, 2019UncategorizedLara

The very short-term analysis on the hourly chart expected a little downwards movement for Thursday, which is what has happened.

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S&P 500: Elliott Wave and Technical Analysis | Charts – April 1, 2019

April 1, 2019UncategorizedLara

The upwards trend was expected to continue this week and so far that is exactly what is happening. The Elliott wave target remains the same.

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