by Lara | Aug 23, 2017 | S&P 500, S&P 500 + DJIA |
A small doji for Wednesday’s session saw price move sideways in a very small range. The Elliott wave count is only changed for the very short term at the hourly chart level, and only slightly. Summary: The bigger picture sees the S&P now in a primary degree...
by Lara | Jun 20, 2017 | S&P 500, S&P 500 + DJIA |
A pullback was expected and support is holding. Price remains above the invalidation point. Summary: Assume the trend remains the same, upwards, until proven otherwise. This looks like an upwards breakout now followed by a pullback. Stops for long positions may be set...
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...
by Lara | May 9, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement continues with a new all time high. Downwards movement at the end of this session remains above stops on long positions. Summary: The upwards trend has most likely resumed, but a strong warning from ADX at the weekly chart level means members should...
by Lara | Apr 3, 2017 | S&P 500, S&P 500 + DJIA |
Monday was expected to begin with a little downwards movement to either 2,358 or 2,354. Price did move lower, but it reached down to 2,344.73 before bouncing strongly higher. Summary: The main Elliott wave count expects an upwards breakout that may happen sooner...
by Lara | Apr 1, 2017 | S&P 500, S&P 500 + DJIA |
A brief shallow pullback was expected for Friday. Price moved overall sideways meeting the expectation. Summary: The main Elliott wave count expects a little more downwards movement on Monday to either 2,358 or 2,354. If using this small pullback to enter the longer...
by Lara | Mar 14, 2017 | S&P 500, S&P 500 + DJIA |
A small downwards day was not expected for the short term, but overall the wave count remains the same. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another five days and possibly a few weeks longer. Target zones are either...
by Lara | Mar 13, 2017 | S&P 500, S&P 500 + DJIA |
Price has moved sideways in a small range for Monday’s session. This fits the hourly Elliott wave count and the alternate daily Elliott wave count best. Summary: A deeper pullback looks very likely now to have arrived. It may last at least another five days and...
by Lara | Feb 21, 2017 | S&P 500, S&P 500 + DJIA |
Upwards movement for the start of the week breaks above a prior small consolidation with a breakaway gap. Gaps can be useful for trading. The target given by the Elliott wave count can now be calculated at two degrees, so it widens to a small zone. Summary: The...