by Lara | Mar 12, 2020 | S&P 500, S&P 500 + DJIA |
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 | S&P 500, S&P 500 + DJIA |
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 | S&P 500, S&P 500 + DJIA |
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 | S&P 500, S&P 500 + DJIA |
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 | S&P 500, S&P 500 + DJIA |
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 | S&P 500, S&P 500 + DJIA |
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...
by Lara | Oct 14, 2019 | S&P 500, S&P 500 + DJIA |
The Elliott wave count is unchanged. Summary: For the very short term, a little downwards movement to about 2,955 or 2,931 may complete tomorrow. Thereafter, the upwards trend may resume. The next target is at 3,120. Further confidence that a low is in place and price...
by Lara | Sep 19, 2019 | S&P 500, S&P 500 + DJIA |
Upwards movement resumed as expected for the session. Two Elliott wave counts are published at the daily chart level. The price point which differentiates them is the all time high. Summary: Downside risk is at 2,931 for the short term. A pullback or consolidation may...
by Lara | Aug 26, 2019 | S&P 500, S&P 500 + DJIA |
A very small range inside day leaves all Elliott wave counts unchanged. Summary: Conditions are still suggesting a sustainable low may be in place although today the absence of any strength is concerning for this view. The next target is 3,120. A new low below...
