by Lara | May 8, 2017 | S&P 500, S&P 500 + DJIA |
A new all time high was expected from last analysis. The Elliott wave count remains the same and the weekly technical analysis still sounds a strong warning. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level...
by Lara | May 6, 2017 | S&P 500, S&P 500 + DJIA |
An upwards breakout from a bull flag pattern was expected. This looks like what has happened at the end of Friday’s session. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should keep...
by Lara | May 1, 2017 | S&P 500, S&P 500 + DJIA |
Price is range bound. A small red doji does not change the Elliott wave count. Summary: This small consolidation may present an opportunity to join the upwards trend. Stops may be set just below the last gap, which has its low at 2,356.18. The target is at 2,469. A...
by Lara | Apr 29, 2017 | S&P 500, S&P 500 + DJIA |
An outside day remains above support. Classic analysis with a heavy reliance on On Balance Volume is used to determine which Elliott wave count is more likely. Summary: A brief shallow pullback may have moved sideways and slightly lower on Friday. This may present an...
by Lara | Apr 26, 2017 | S&P 500, S&P 500 + DJIA |
A small pullback was expected to unfold here or shortly. An upwards day closes red, with a long upper wick on the candlestick. This looks like a small pullback may have begun at the end of this session. Summary: If a small pullback remains above 2,376.98, then expect...
by Lara | Apr 17, 2017 | S&P 500, S&P 500 + DJIA |
Downwards movement was expected to begin the new trading week. This is not what happened. Upwards movement invalidated the hourly Elliott wave count. Summary: If price makes a new high above 2,353.99, then the alternate would have more confidence. Expect the next wave...
by Lara | Apr 12, 2017 | S&P 500, S&P 500 + DJIA |
Price is still range bound, completing an inside day. The breakout is now expected to come tomorrow. Summary: The main and alternate wave counts are swapped over today on weight of a downwards breakout by On Balance Volume. The new main wave count expects that price...
by Lara | Mar 30, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues as the Elliott wave count expects overall at the daily chart level. Summary: The next wave up to a target at 2,455 may have begun. The invalidation point is at 2,322.25. When a five up for minute wave i is complete, then a three down for...
by Lara | Mar 28, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved higher for Tuesday as expected. A new high above 2,354.54 supports the main wave count over the alternate. Summary: The next wave up to a target at 2,455 may have begun today. The invalidation point is at 2,327.58. When a five up for minute wave i is...
