by Lara | Dec 21, 2016 | S&P 500, S&P 500 + DJIA |
A downwards day remains within the small pattern forming. Summary: A small pennant pattern may be completing, the target would be about 2,359 (measured rule) or 2,473 (Elliott wave). However, ADX is still extreme in the short term at the daily chart level, and VIX is...
by Lara | Dec 17, 2016 | S&P 500, S&P 500 + DJIA |
Friday was expected to begin with some upwards movement, which is how the session began, but price did not move as high as was expected. Overall, sideways movement was expected for a consolidation, which is what is happening. Summary: A consolidation has begun and is...
by Lara | Dec 12, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Monday’s session. Price today has made a new all time high. Summary: There is an upwards trend in place, but it is becoming extreme. Use the narrow channel on the hourly chart; while price remains in the channel, the target for...
by Lara | Dec 8, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued as expected. Summary: There are two days in a row of strong divergence between price and VIX, and now RSI is overbought and Stochastics shows some divergence while extreme. These indicators point to a downwards day here to start a short...
by Lara | Dec 5, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected again for Monday, which is exactly what has happened. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 – 2,227. This bull market is ageing, but it still...
by Lara | Dec 3, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement was expected for Friday’s session. A small green doji completes an inside day, which mostly fits expectations. Summary: The main wave count now expects upwards movement here for a fifth wave to end a third wave. The target is at 2,226 –...
by Lara | Nov 22, 2016 | S&P 500, S&P 500 + DJIA |
Upwards movement continued past the target, which was at 2,199. Summary: A target for upwards movement to end is now at 2,206. The limit is at 2,213.03. A pullback is still expected to begin soon and to find support about 2,120 and the lilac trend line for a test of...
by Lara | Nov 17, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis again expected downwards movement. This is not what happened. The invalidation point on the hourly chart was breached by upwards movement. Summary: A downwards pullback is still expected to find support about 2,120 and the lilac trend line....
by Lara | Nov 15, 2016 | S&P 500, S&P 500 + DJIA |
Yesterday’s analysis expected downwards movement, but this is not what happened. Price stopped barely short of the invalidation point. Summary: A correction down to about 2,120 and the lilac trend line is still expected this week. Use this as an opportunity to...