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...
by Lara | Jul 24, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement within a small range fits both hourly Elliott wave counts. Both VIX and the AD line today exhibit some divergence with price. With this divergence for both indicating the same direction, they both point to which hourly Elliott wave count may be more...
by Lara | Jul 9, 2017 | S&P 500, S&P 500 + DJIA |
A green daily candlestick was expected for Friday, which is exactly what happened. Summary: Expect now a multi week to multi month pullback has begun. The target zone for it to end is about 2,400 to 2,322. Expect downwards movement from here to now start to show an...
by Lara | Jul 6, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved strongly lower exactly as the last published Elliott wave count expected. Summary: Expect now a multi week to multi month pullback has begun. The target zone for it to end is about 2,400 to 2,322. Expect downwards movement from here to now start to...
by Lara | Jun 15, 2017 | S&P 500, S&P 500 + DJIA |
The Elliott wave count expected a continuation of a sideways correction. Price remains range bound. For the short term price was expected to move lower, which has happened. Summary: Expect a sideways consolidation to continue into next week as well. When it is done,...
by Lara | Jun 11, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement to a target at 2,448 to 2,450 was expected. Price moved higher to reach 2,446.20 before turning strongly downwards on Friday. Price fell just 1.8 points short of the 2 point target zone. Summary: Expect a sideways consolidation now for at least a...
by Lara | Jun 3, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected. The Elliott wave target has been reached, but the classic technical analysis target using the measured rule has not yet been reached. Summary: The target for a third wave is met and the structure is complete. If price keeps rising, then...
by Lara | May 24, 2017 | S&P 500, S&P 500 + DJIA |
The short term expected downwards movement for Wednesday, which again did not happen. Summary: Always assume the trend remains the same until proven otherwise. Assume the bull market remains intact and price may make new all time highs while price remains above...
by Lara | May 11, 2017 | S&P 500, S&P 500 + DJIA |
A strong whipsaw moved below the short term invalidation point on the hourly Elliott wave count. However, downwards movement was quickly retraced and today’s candlestick looks very bullish. Summary: There is enough bullishness in the daily technical analysis to...
