by Lara | Dec 14, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis expected at least a little more downwards movement for Thursday’s session. The main hourly chart expected movement to about 2,654, and the low for the session was just below this point at 2,652.10. A candlestick reversal pattern on the S&P and...
by Lara | Nov 29, 2017 | S&P 500, S&P 500 + DJIA |
The second target at 2,634, calculated using the measured rule, has been met today. The Elliott wave structure is analysed to see if it may be complete. If it is, then price may turn here. If it is not, then the next target will be used. Summary: The next Elliott wave...
by Lara | Nov 27, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved sideways in a slightly larger range to print another doji candlestick. Two hourly Elliott wave counts are presented today. Summary: The first Elliott wave target is again at 2,614. A target using the measured rule is 2,634. The second Elliott wave...
by Lara | Nov 11, 2017 | S&P 500, S&P 500 + DJIA |
A signal from On Balance Volume for Friday sees the main and alternate hourly Elliott wave counts swapped over. The mid to long term picture remains the same, but the short term picture for next week is now changed. Summary: The target for a multi day pullback is now...
by Lara | Oct 26, 2017 | S&P 500, S&P 500 + DJIA |
A Gravestone doji comes just three days after a Bearish Engulfing candlestick pattern. These two patterns together are giving a strong signal. Summary: The fourth wave may be relatively brief and shallow as minor wave 4, or it may be a much deeper multi week pullback...
by Lara | Oct 5, 2017 | S&P 500, S&P 500 + DJIA |
The short term target for upwards movement was 2,540 to 2,541 on the hourly chart. Price moved up to sit right within this small one point zone, to 2,540.53. Summary: Another day with divergence from VIX and now divergence with the AD line is bearish for the short...
by Lara | Sep 12, 2017 | S&P 500, S&P 500 + DJIA |
Last analysis offered a warning in the summary that price may move higher, and may make a new all time high. This is what has happened today. Summary: Again, there is still zero evidence that upwards movement is over. There is still no candlestick reversal pattern nor...
by Lara | Sep 11, 2017 | S&P 500, S&P 500 + DJIA |
A quick spike up was expected to begin the week, but it was expected to move just above 2,469.64 before turning. Price has moved comfortably higher, reaching so far to 2,488.95. Summary: In the short term, it is entirely possible that price may move higher tomorrow....
by Lara | Aug 24, 2017 | S&P 500, S&P 500 + DJIA |
Price is moving sideways in a small range for the last two sessions. The short term direction expected by the Elliott wave count remains the same. Summary: The bigger picture sees the S&P now in a primary degree pullback to last a minimum of 8 weeks and find...